CPC boosts oil export shipments by 2.9% in 2021

TASS Russian News Agency | Jan 10, 2022 at 6:34 PM

MOSCOW, November 9. /TASS/. Crude oil shipments through the marine terminal of the Russian unit of the Caspian Pipeline Consortium (CPC-R) moved up by 2.9% year-on-year to 60.73 mln tonnes in 2021, the pipeline operator reported on Monday.

Oil shipments in December gained 26% in annual terms to 6.2 mln tonnes. Crude oil shipments at the marine terminal surged in monthly terms by 18.7% against November 2021, CPC said.

According to CPC, 58 tankers were shipped from the marine terminal in December and 585 vessels over the year.

In particular, oil from the Tengiz field accounted for 26.58 mln tonnes of crude shipped in 2021. 10.29 mln tonnes of oil were pumped from the Karachaganak field and 15.74 mln tonnes - from the Kashagan field. Total Kazakh shipments amounted to 53.07 mln tonnes of crude in 2021. Russian shippers exported 7.6 mln tonnes of oil over the CPC pipeline in last year.

"766,973,131 tonnes of oil were supplied to global markets from 2001 to January 9, 2022 inclusive via the Tengiz - Novorossiysk crude oil pipeline system," CPC said.

The CPC is the pipeline system connecting Kazakhstan with a seaport in Novorossiysk area, where tankers are loaded with oil for the supply to global markets. The 1,511 km long pipeline links oilfields in the West Kazakhstan with the marine terminal in Novorossiysk.

CPC shareholders are the Russian Federation with 31% (represented by Transneft - 24% and CPC Company - 7%); Kazakhstan with 20.75% (represented by KazMunaiGas - 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%.