Caspian Pipeline Consortium now able to load oil simultaneously via three single-point moorings
MOSCOW. Aug 2 (Interfax) - The Black Sea-Azov Marine Department of the Russian Federal Service for Supervision of Natural Resources (Rosprirodnadzor) has approved the report of the state environmental expert review of the documentation titled "Substantiation of the contemplated business associated with loading of crude oil at the CPC-R JSC Marine Terminal while simultaneously using three oil quantity and quality measurement systems".
The Caspian Pipeline Consortium (CPC) said in a press release that the terminal is now able to load oil simultaneously via three single-point moorings, if required, after forced downtime during spring and autumn storms.
An expert commission reviewed the design documentation that provided for possibility of increasing oil transshipment via the Marine Terminal facilities up to 81.5 million tonnes per year.
Construction of the third oil metering unit as part of the debottlenecking program assuring transportation of increased volumes of crude oil was completed in summer 2023.
In standard mode, the Marine Terminal loads from two single point moorings with one as a backup unit.
The CPC transported and exported 63.47 million tonnes of oil in 2023, up 8.1% from 2022. The 2024 target is more than 70 million tonnes.
The 1,511 km CPC pipeline connects oil fields in western Kazakhstan and Russian fields on the Caspian shelf with the marine terminal in Novorossiysk. The system is the main export route for Kazakh oil, accounting for more than 80% of Kazakhstan's volumes pumped through the pipeline.
CPC's shareholders are the Russian Federation with 31%, with Transneft managing 24% and 7% on the balance sheet; KazMunayGas with 19%; Kazakhstan Pipeline Ventures LLC with 1.75%; Chevron Caspian Pipeline Consortium Company with 15%; Lukoil International GmbH with 12.5%; Mobil Caspian Pipeline Company with 7.5%; Rosneft-Shell Caspian Ventures Limited with 7.5%; BG Overseas Holding Limited at 2%; Eni International N.A. N.V. S.ar.l. with 2%; and Oryx Caspian Pipeline LLC with 1.75%.