Caspian Pipeline Consortium boosts crude exports 6.9% in 2013
MOSCOW. Jan 9 (Interfax) - Caspian Pipeline Consortium (CPC) pumped 32.7 million tonnes of export crude oil via the Tengiz-Novorossiysk pipeline in 2013, 6.9% more than in 2012, CPC said.
Shipments rose 11% year-on-year to 8.57 million tonnes in the fourth quarter and 2.7% to 2.816 million tonnes in December alone.
The 1,511-km CPC pipeline runs from the Tengiz oil field in West Kazakhstan to the Russian Black Sea coast. The CPC pumped 7.695 million tonnes of oil along the pipeline in Q1 2013, 5.6% more than in the same period of last year.
Malik Salimgereyev, the managing director of Samruk-Kazyna, the sole owner in KazMunayGas, forecast at a late December briefing that shipment volumes for the full year might rise to 6% to 32.4 million tonnes for the full year. CPC plans to ship 35.8 million tonnes of oil in 2014.
The CPS's sovereign shareholders are Russia with 31% of the shares, managed by Transneft (24%) and CPC Company - (7%); and Kazakhstan with 20.75% (stake is 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%).
