The CPC has increased oil export by 10.4% in 11 months
KAZINFORM — in January-November 2018, the Caspian Pipeline Consortium (CPC) exported 55.129 million tonnes of oil, which is 10.45% more than the export volume in the same period of 2017, as reported by the correspondent of Kazinform International News Agency with reference to the CPC data. This year, in November, the volume of oil exports amounted to 5.154 million tonnes as compared to 5.001 million tonnes in the corresponding month of the last year. The Caspian Pipeline Consortium was established to construct a pipeline and export Kazakhstani oil in transit through the territory of Russia. The CPC owns the Tengiz-Novorossiysk oil pipeline with a total length of more than 1.5 thousand km, which connects the Western Kazakhstan fields with the Russian Black Sea coast. The CPC shipment of oil for export in 2017 amounted to 55.107 million tonnes, which is 24.4% more than the value of 2016. The CPC shareholders are the Russian Federation — 24%, KazMunaiGas National Company JSC — 19%, Chevron Caspian Pipeline Consortium Company — 15%, LUKARCO B.V. — 12.5%, Mobil Caspian Pipeline Company — 7.5%, Rosneft-Shell Caspian Ventures Limited — 7.5%, and CPC Company — 7%, BG Overseas Holding Limited — 2%, «Eni International N.A. N.V. S.a.r.l. — 2%, Kazakhstan Pipeline Ventures LLC — 1.75% and Oryx Caspian Pipeline LLC — 1.75%.