Caspian Pipeline Consortium (CPC) Marine Terminal has set a record in oil loading as of 2019, rising the volumes to 63,256,105 gross tons of crude oil, Trend agency reports. The highest volume of oil loading was recorded in December 2019 with 46,270,277 barrels loaded into the tanks of oil carrier ships during that period. In December 2019, 56 tankers set off on a voyage from the single point moorings, which allowed to record an annual of 597 vessels.
CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The length of the Tengiz–Novorossiysk Pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders are Russia (represented by Transneft – 24% and CPC Company – 7%) with 31%; Kazakhstan (represented by KazMunayGas – 19% and Kazakhstan Pipeline Ventures– 1.75%) with 20.75%; Chevron Caspian Pipeline Consortium Company (15%), LUKARCO B.V. (12.5%), Mobil Caspian Pipeline Company (7.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), BG Overseas Holding Limited (2%), Eni International N.A. N.V. (2%) and Oryx Caspian Pipeline (1.75%).