The 500 millionth tonne of oil delivered by Kazakh shippers to the Tengiz-Novorossiysk crude pipeline since the commencement of operations on the CPC pipeline system was loaded onto a tanker from the Marine Terminal of Caspian Pipeline Consortium on November 17, more than 17 years after the first shipment was loaded near the near the Black Sea port of Novorossiysk on October 13, 2001, the consortium said on November 19.

About 45 tankers are currently being loaded at the CPC Marine Terminal on a monthly basis. After the completion of an expansion project, the Consortium’s pipeline system throughput capacity will increase to 67 million tonnes of oil per year.

Over the course of the large-scale work activities, the oil terminal received a third Single point mooring (SPM) and the Marine Terminal Tank Farm capacity reached one million tonnes of crude oil, making it one of the largest and most technically advanced tank farms in the country, and the oil, according to the official reports of the CPC, has been loaded without any oil spill incidents and without exceeding maximum permissible emissions of harmful substances in the air.

The CPC Pipeline System is one of the largest investment projects in the energy sector. With a length of  1,511 kilometres,the Tengiz–Novorossiysk pipeline transports over two-thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region.

The CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow for the safe loading of tankers at a significant distance offshore, also amid poor weather conditions.

CPC’s Shareholders include Russia’s Transneft and CPC Company with a combined total of 31% in the company; Kazakhstan’s Kazmunaygaz and Kazakhstan Pipeline Ventures LLC, whose combined share amounts to 20.75%; Chevron Caspian Pipeline Consortium Company with 15%, LUKARCO – 12.5%; Mobil Caspian Pipeline Company with 7.5%; Rosneft-Shell Caspian Ventures at 7.5%; BG Overseas Holding – 2%; ENI International at 2%, and Oryx Caspian Pipeline LLC at 1.75%.