In October 2013 oil export via CTC terminal increased by 37.3%

In October 2013 oil export via the terminal of the Caspian Pipeline Consortium (CPC) increased by 37.3% against October 2012 up to 3,059,000 tons, reported CPC.

Since early year oil export via the CPC terminal totaled 27.2 million tons, up 8.3% against a year earlier (25.2 million tons).

CPC is the pipeline system connecting Kazakhstan with the sea port in Novorossiysk, where oil is loaded on the tankers for their further shipment to the world markets. 

The CPC shareholders include Russian Federation, which owns 31% share (represented by Transneft with 24% and CPC Company with 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%, reported http://www.biztass.ru. –0--