Oil exports via CPC up 6.8% to 4.2 mln tonnes in Jan
MOSCOW. Feb 1 (Interfax) - Oil shipments from the marine terminal of the Caspian Pipeline Consortium (CPC) rose 6.8% year-on-year in January 2017 to 4.178 million tonnes, CPC data show.
This was 7.5% less than in December 2016.
CPC plans to ship 65.7 million tonnes of crude in 2017, 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%.
