CPC increased oil export by 22.2% in January - May

Date: 06:40, 02-06-2014.

Almaty. June 2. KazTAG - The Caspian Pipeline Consortium exported 16.07 mln tons of oil in January-May 2014, 22.23% up in comparison to the same period 2013, reports the message of the consortium.

Oil export made up 3.14 mln tons in May this year against 2.79 mln tons in the same month last year.

The Caspian Pipeline Consortium was established for a pipeline construction and Kazakh oil export transiting the territoryof Russia. The CPC controls Tengiz-Novorossiysk pipeline 1580 km in length which connects the fields of Western Kazakhstan with the Russian Black sea coast.

The CPC  shareholders are: Russia (represented by "Transneft" - 24% and CPC company - 7%)- 31%; Kazakhstan (represented by "KazMunayGas" - 19%) and Kazakhstan Pipeline Ventures LLC - 1,75%) – 20,75%; 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%.

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