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CPC says its pipeline’s halts have no impact on oil output reduction in Kazakhstan

Caspian Pipeline Consortium also stressed that the timing of planned maintenance work was announced to oil shippers in advance and "is taken into account by the Ministry of Energy of the Republic of Kazakhstan"

ASTANA, December 26. /TASS/. Caspian Pipeline Consortium (CPC) transported the entire volume of oil received from Kazakhstan in 2024 and fully fulfilled its obligations, the consortium said in a statement.

"We inform you that there are no restrictions in the operation of CPC in 2024 that could affect the reduction in the volumes of oil transportation by shippers, and there were no emergency stoppages. All volumes of oil that shippers delivered to the Tengiz-Novorossiysk system in 2024 were transported to the CPC marine terminal and loaded onto tankers in full," the statement says.

The consortium also stressed that the timing of planned maintenance work was announced to oil shippers in advance and "is taken into account by the Ministry of Energy of the Republic of Kazakhstan when forming the schedule for oil transportation via the Tengiz-Novorossiysk oil pipeline for the year."

On December 17, the Energy Ministry of Kazakhstan reported that the republic had reduced its oil production forecast for 2024 to 87.8 million tons. Before that, the country planned to produce 88.4 million tons. According to the ministry, the reduction in production volumes was affected by repairs at large fields - Tengiz and Kashagan, unscheduled shutdowns at the Karachaganak field and restrictions on gas intake by the Orenburg Gas Processing Plant, and shutdowns of the Caspian Pipeline Consortium for scheduled maintenance. CPC transports more than two-thirds of all oil from Kazakhstan, as well as raw materials from fields in Russia.

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.

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