Caspian Pipeline records high oil exports in April

22:40, 5 May 2014

MOSCOW. KAZINFORM Russian and Kazakh oil exports via the Caspian Pipeline Consortium (CPC) have increased year on year by 31% to 3.477 million tonnes in April, CPC said on Monday.

The amount carried from Kazakhstan's Caspian Sea oil deposits to Russia's Black Sea port of Novorossiysk rose to 12.926 million tonnes from January to April - a 24.9%-increase from 10.348 million tonnes a year earlier, CPC said.

The shareholders of CPC consortium are the Russian Federation (31%), represented by Russian state-owned pipeline monopoly Transneft, Kazakhstan (20.75%), represented by state-owned oil and gas company KazMunayGas (19%), and Kazakhstan Pipeline Ventures LLC (joint venture of KazMunayGas and BP) (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 (1.75%), ITAR-TASS said.

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