Baku, Azerbaijan, Aug. 2
By Leman Zeynalova – Trend:
The Caspian Pipeline Consortium (CPC) exported 35.48 million tons of oil in January-July 2018, which is 11.77 percent more than in the same period of 2017, the CPC press service said in a message.
In July 2018, 5.158 million tons (40.769 million barrels) of oil were shipped from the marine terminal of the CPC-R JSC, which is 692,975 tons more than in the corresponding month of the previous year.
“Some 2.515 million tons of the total 5.158 million tons of the shipped oil accounted for the oil from the Tengiz field, 877,939 tons accounted for the oil from the Karachaganak field, 1.155 million tons accounted for the oil from the Kashagan field, and 173,048 tons accounted for the oil from other producers,” the company said.
CPC is the largest international oil transportation project with the participation of Russia, Kazakhstan as well as the world's leading companies, created for the purpose of construction and operation of a trunk pipeline with a length of more than 1,500 kilometers.
The CPC system receives oil mainly from the fields of Western Kazakhstan, as well as crude oil from Russian producers.
The shareholders of CPC are Russian Federation (31 percent, represented by Transneft – 24 percent and CPC Company – 7 percent), Republic of Kazakhstan (20.75 percent, represented by KazMunaiGas – 19 percent and Kazakhstan Pipeline Ventures LLC – 1.75 percent), Chevron Caspian Pipeline Consortium Company (15 percent), LUKARCO B.V. (12.5 percent), Mobil Caspian Pipeline Company (7.5 percent), Rosneft-Shell Caspian Ventures Limited (7.5 percent), BG Overseas Holding Limited (2 percent), Eni International N.A. N.V. (2 percent) and Oryx Caspian Pipeline LLC (1.75 percent).
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