14.Nov .2022 14:30

Oil shipment resumed at external mooring unit of CPC

Oil shipment resumed at external mooring unit of CPC
views 393

External mooring unit (TLU)-1 was restored at the Caspian Pipeline Consortium (CPC).

CPC General Director Nikolai Gorban told reporters that TLU-1 was put into operation.

"The entire scope of work has been completed, the TLU has been put into operation, and at the moment the first tanker is being loaded", - he said.

In August CPC reduced the pumping of Kazakh oil due to cracks. Prior to this, CPC reduced the pumping of oil from the Republic of Kazakhstan to the Russian Federation on August 3. The reason then was the repair of the pipeline leading from the Tengiz field, and the stoppage of oil production at the Kashagan field.

On July 5, the Primorsky District Court of Novorossiysk suspended the activities of the CPC for 30 days to eliminate the violations identified by Rostransnadzor. Four days later, the court replaced the decision to suspend the work of the CPC with a fine of 200,000 rubles.

The National Bank stated that the slowdown in the growth of the Kazakh economy is due to interruptions in the work of the CPC.

The largest shareholders of CPC are Russia's Transneft (24%) and KazMunayGas (19%). The Tengiz-Novorossiysk pipeline, 1,511 km long, supplies more than 2/3 of Kazakhstan's total export oil, as well as raw materials from Russian fields, including those in the Caspian.

Earlier S&P announced the likelihood of further violations at the CPC, ULYSMEDIA reports.