MOSCOW, November 28. /TASS/. Oil exports via the Caspian Pipeline Consortium’s (CPC) system from the beginning of the year until November 24 amounted to 57.5 mln tons, up by almost 13% compared with 51 mln tons in the same period last year, according to the company's statement.

"The current crude volumes transported by CPC System significantly exceed last year’s indicators. Thus, as of 24 November 2023, almost 57.5 m tons of oil were lifted for export, while on the same date last year, just slightly above 51 m tons had been loaded. Some 527 tankers were processed at the Marine Terminal this year, which is 66 units higher than the last year indicator," the statement reads.

Earlier reports said that CPC planned to pump record-breaking 63.7 mln metric tons of oil for exports via its pipeline system in 2023, up from 58.7 mln tons last year.

The meeting of CPC-R Board of Directors and the Extraordinary General Meeting of CPC-K shareholders also focused on "results of unscheduled field inspections of CPC Facilities by representatives of Rostekhnadzor, Rostransnadzor and Safety Committee of the Ministry of Emergencies of the Republic of Kazakhstan," the statement said.

"In the course of the meetings, it was also noted that preparation to implement the project to reconstruct several sections of the Tengiz-Novorossiysk crude pipeline was in progress. Contractors are preparing to mobilization in December, also, pipe products are to be delivered before the end of 2023," CPC said.

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.