CPC exports 9% more oil in Feb
MOSCOW. March 4 (Interfax) - The Caspian Pipeline Constortium pumped 2.520 million tonnes of oil through the Tengiz-Novorossiysk pipeline last month, 9.4% more than a year previous and 1.4% more than the month before.
CPC owns the 1,511-km Tengiz-Novorossiysk oil pipeline, which connects deposits in Western Kazakhstan with the Russian Black Sea coast. The terminal at Novorossiysk loaded 30.6 million tonnes of oil in 2012.
CPC shareholders are the Russian Federation, represented by Transneft - 24% and CPC Company - 7 %); the Republic of Kazakhstan represented by KazMunayGas - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%;, Chevron Caspian Pipeline Consortium Company - 15%, LukArco B.V. - 12.5%, Mobil Caspian Pipeline Company - 7.5%, Rosneft-Shell Caspian Ventures Limited - 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2%, and Oryx Caspian Pipeline LLC - 1.75%.
