The volume of oil exports through the Caspian Pipeline Consortium terminal (CPC) in January 2017 increased by 6.8% compared to the same period last year – up to 4.178 million tons, the company reported.
A year earlier, the export of oil through the CPC terminal in January amounted to 3.912 million tons.
CPC is a pipeline system connecting Kazakhstan with the Novorossiysk seaport, in which the oil is loaded onto tankers for delivery to the world market.
Shareholders of CPC are the Russian Federation – 31% (represented by Transneft – 24% and CPC Company – 7%), Kazakhstan – 20.75% (represented by KazMunayGaz – 19% and Kazakhstan Pipeline Ventures LLC – 1.75 %), 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 N.A.N.V. – 2%, and Oryx Caspian Pipeline LLC – 1.75%.
