Crude shipment via Novorossiysk CPC terminal up by 0.4% to 31.7m tons

December 3, 2010 [PortNews] - In January-November the volume of oil exports passing through the Novorossiysk2 Marine Terminal at the port of Novorossiysk, transported via the Caspian Pipeline Consortium (CPC), amounted to 31,713 million tons, or 0.44% up from the same period a year earlier, RIA Novosti reports citing the CTC.

In November, crude oil exports via the CPC shrank by 9.5% (to 2.567m tons) from last year’s figure and by 17.11% month-on-month (3.097m tons).

CTC owns the Tengiz-Novorossiysk oil pipeline with total length of 1,511 km, which connects the oil province of the west of Kazakhstan to the Russian Black Sea coast. In 2009, CTC boosted crude exports by 9.9% to 34.574 million tons. In late 2009, the Consortium stockholders agreed on the pipeline capacity expansion project to 67 million tons.

The CPC’s stockholders include: Russian Federation (through Transneft company) holds a 31-percent stake, Kazakhstan (represented by KazMunaiGaz – 19% and Kazakhstan Pipeline Ventures LLC – 20.75%), Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO BV – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited – 2%, Eni International HA H.V. S.ar.l. – 2%, Oryx Caspian Pipeline LLC – 1.75%.

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