Caspian Pipeline Consortium relaunches No. 3 single point mooring into operation after scheduled maintenance, loading oil through two SPM
MOSCOW. Sept 1 (Interfax) - The Caspian Pipeline Consortium (CPC) has relaunched the No. 3 single point mooring following scheduled maintenance.
"Scheduled maintenance has been completed on the single point mooring (SPM) CPC-3 at the CPC Marine Terminal. [...] SPM CPC-3 was relaunched following successful hydraulic testing. [...] Oil is currently being loaded onto tankers at the CPC Marine Terminal using two single point moorings, namely SPM CPC-1 and SPM CPC-3," the consortium said.
As reported, the CPC decommissioned SPM-3 to replace floating and underwater hoses on August 15. On August 29, SPM-2 decommissioned owing to an emergency, namely some oil came to the surface during a cargo operation on the T. Semahat tanker. The causes of the incident are being established, and the elimination of the consequences of the emergency in the waters of the sea terminal was completed on August 30.
The 1,511-km CPC pipeline, which links oil fields in western Kazakhstan and Russian offshore fields in the Caspian Sea to a marine terminal in Novorossiysk, serves as the primary export route for Kazakh oil. It handles over 80% of the country's pipeline crude exports. The pipeline has a capacity to transport 72.5 million tonnes of crude from Kazakhstan and up to 83 million tonnes through Russia per year. The consortium shipped 63.01 million tonnes of oil through the system in 2024, with the expected transportation volume being around 74 million tonnes in 2025.
The CPC's shareholders are Russia and Transneft (24% under Transneft management, 7% on the balance sheet); Kazakhstan, with 20.75% (represented by KazMunayGas with 19% and 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 with 2%; Eni International N.A. N.V. with 2%; and Oryx Caspian Pipeline LLC with 1.75%.
