Oil exports via CPC up 17.6% to 17.7 mln tonnes in 4M
MOSCOW. May 2 (Interfax) - Oil shipments from the marine terminal of the Caspian Pipeline Consortium (CPC) rose 17.6% year-on-year in January-April 2017 to 17.719 million tonnes, the CPC said.
Following record shipments of 4.929 million tonnes in March, figures dropped 4.5% month-on-month in April to 4.705 million tonnes due to a scheduled 56-hour pipeline stoppage for maintenance and to connect new facilities built for the project's expansion.
The April shipments still soared 50% year-on-year.
CPC plans to ship 65.7 million tonnes of crude in 2017, up 50% from last year, including just over 54 million tonnes from Kazakh producers and 11 million tonnes from Russian producers.
The 1,511-km CPC pipeline runs from the Tengiz oil field in West Kazakhstan to the Russian Black Sea coast. This year work to expand the CPC should be completed after which the capacity of the pipeline will stand at 67 million tonnes per year, rising to 76 million tonnes per year with anti-friction additives.
CPC shareholders are Russia (Transneft - 24% and CPC Company - 7%) - 31%, Kazakhstan (KazMunayGas - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%) - 20.75%, Chevron Caspian Pipeline Consortium Company - 15%, Lukarco B.V. - 12.5%, CPC Mobil - 7.5%, Rosneft-Shell Caspian Ventures Limited - 7.5%, BG Overseas Holding - 2%, Oryx Caspian Pipeline LLC - 1.75%, Eni International N.A N.V. S.ar.l - 2%.