CPC targets shipment of 45 mln tonnes of oil in 2015; actual may be just 42 mln tonnes
NOVOROSSIISK. Sept 24 (Interfax) - Caspian Pipeline Consortium (CPC) is maintaining plans to ship about 45 million tonnes of oil on its export pipeline in 2015, despite indications the actual total may be less.
"Our target for 2015 is 44.7 million tonnes. We are not changing our plans," CPC chief Nikolai Brunich told Interfax.
However, Rosneft may supply less oil than expected to the pipeline. "Unfortunately, Rosneft probably won't meet its declared volume of 1.5 million tonnes to be supplied at the Kropotkinskaya pump station, since it is supplying the oil for export eastward. In addition, Tengizchevroil has had some disruptions," he said. "For now the outlook is that this year the average level will turn out to be somewhere around 42 million tonnes," Brunich said.
"This depends more on the companies supplying oil than on us, because our pipeline system today has capacity to ship up to 50 million tonnes a year," he said.
CPC owns and operates a 1,511-kilometer pipeline linking fields in western Kazakhstan to the oil terminal at the Russian Black Sea port of Novorossiisk. The pipeline shipped 40 million tonnes of crude oil in 2014, 22% more than in 2013. The oil shipment target in 2015 is 45 million tonnes.
Following expansion, the CPC pipeline will have capacity to ship 67 million tonnes a year and up to 76 million tonnes using anti-friction additives.
The CPC's sovereign shareholders are Russia with a 31% stake, managed by Transneft (24%) and CPC Company - (7%); and Kazakhstan with 20.75% (managed by KazMunayGas (19%) and Kazakhstan Pipeline Ventures LLC (1.75%)). The rest of the consortium belongs to private companies: Chevron Caspian Pipeline Consortium Company (15%), Lukarco B.V. (12.5%), Rosneft-Shell Caspian Ventures Limited (7.5%), Mobil Caspian Pipeline Company (7.5%), Eni International (N.A.) N.V. (2%), BG Overseas Holding Ltd (2%) and Oryx Caspian Pipeline LLC (1.75%).