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CPC halts oil intake from Tengiz field, pumping into terminal’s tank farm

CPC is the pipeline system connecting Kazakhstan with a seaport in Novorossiysk area, where tankers are loaded with oil for the supply to global markets

MOSCOW, February 22. /TASS/. The Caspian Pipeline Consortium (CPC) has halted the pumping of oil into the tank farm of the company’s marine terminal near Novorossiysk and oil intake to the system from the Tengiz field in Kazakhstan due to overstocking, the press service of the CPC said in a statement on Wednesday.

"As of February 22, 2023, due to overstocking oil intake to the CPC’s system from the Tengiz field to the Tengiz pumping station (Republic of Kazakhstan) has been halted. Oil pumping into the tank farm of the CPC’s marine terminal has been halted," the statement said.

Meanwhile, oil intake to the Atyrau and Komsomolskaya pumping stations is underway in reduced modes.

On Tuesday, the CPC said that oil lifting in Novorossiysk had been suspended due to weather conditions, including strong gale force winds, high waves. Information of the resumption of lifting (transshipment) or situation when CPC will be forced to stop oil transportation through Tengiz-Novorossiysk crude pipeline will be communicated later, the company added.

CPC is the pipeline system connecting Kazakhstan with a seaport in Novorossiysk area, where tankers are loaded with oil for the supply to global markets. The 1,511 km long pipeline links oilfields in the West Kazakhstan with the marine terminal in Novorossiysk. CPC Marine Terminal is equipped with three Single Point Moorings that allow loading tankers safely at a significant distance offshore, also amid poor weather conditions.

CPC Shareholders are the Federal Agency for State Property Management represented by Transneft (trustee) - 24%, CPC Company - 7%, KazMunayGas - 19%; 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%.

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