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In October 2020, the oil giant BP sent a letter to Kazakhstan’s state-run KazMunayGas withdrawing from negotiations over three offshore blocks in the Caspian Sea. The letter, stating that the blocks did not fit with BP’s new strategy focusing on renewable energy development and its existing oil and gas projects, marks the derailment of BP’s return to the Caspian.
In 2009, BP announced it was withdrawing from its involvement in Kazakhstan’s Tengiz oil field and the Caspian Pipeline Consortium (CPC) pipeline. In May of that year, BP sold its 46 percent stake in LukArco back to Lukoil. LukArco had been formed in 1997 as a joint venture between Russia’s Lukoil and the U.S. oil company ARCO, which in 2000 merged with BP. Along with the April 2009 sale of BP’s 49.9 percent stake in Kazakhstan Pipeline Ventures (KPV) (which held a 1.75 percent share in the CPC) to KazMunayGas, the transactions meant BP no longer had any stakes in the CPC or the Tengiz fields.
Oil shipments via CPC Marine Terminal in 2Mâ21 fell by 8.4% YoY
In January-February, the company handled 93 vessels
CPC Marine Terminal (MT) shipped 9.61 million tonnes of crude oil in January-February 2021, down 8.4%, year-on-year, says the company’s statistics.
In February 2021, CPC Marine Terminal (MT) loaded 5,493,045 gross tons (43,526,284 barrels) of crude oil. In the said month, the MT loaded 52 tankers, thus, during the first two months of the current year, 93 vessels were processed in Yuzhnaya Ozereevka.
Out of 5,493,045 tons lifted in February, 2,469,126 tons of crude oil were from Tengiz field, 963,051 tons - from Karachaganak field, 1,363,961 tons - from Kashagan field and 33,891 tons - from other Kazakh producers.
CPC system to transport 67 5 mln tons of crude oil in 2021 en.portnews.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.portnews.ru Daily Mail and Mail on Sunday newspapers.
NUR-SULTAN, Kazakhstan – The Caspian Pipeline Consortium (CPC) marine terminal loaded 4,120,449 gross tons (32,668,264 barrels) of crude oil in 41 tankers, the press service of CPC said.
“Of 4,120,449 tons lifted in January 2021, 1,716,955 tons of crude was from the Tengiz field, 993,792 tons fro
Oil shipments via CPC Marine Terminal in January 2021 fell by 26.6% YoY
From the beginning of the year, t
he company handled
41 tankers
In January 2021, CPC Marine Terminal (MT) loaded 4,120,449 gross tons (32,668,264 barrels) of crude oil, down 26.6%, year-on-year. The MT processed 41 tankers.
Of 4,120,449 tons lifted in January 2021, 1,716,955 tons of crude was from Tengiz field, 993,792 tons from Karachaganak field, 817,329 tons from Kashagan field and 1,164 tons from other Kazakhstani producers.
In January, the Kazakhstani producers shipped in total 3,529,240 tons of crude oil, and 591,209 tons of lifted crude was received from the Russian territory.
As a reminder, the current monthly loading record was hit in March 2020. CPC MT then lifted 6,450,676 gross tons (51,118,685 barrels). This quantity of hydrocarbon crude was loaded in the tanks on 61 tankers.