News 2023March 2022
The Ministry of Energy of Kazakhstan spoke about the export of oil, taking into account the accident at the Caspian Pipeline Consortium (CPC). The ministry said that they are holding consultations with the CPC on the timing of the resumption of the work of the sea terminal, while exploring the possibility of increasing the shipment of oil for export via alternative routes.
The Ministry of Energy noted that the storm in Novorossiysk caused damage. The inspection revealed a displacement of the power frame of one of the floating hoses of the remote mooring device 3 (TLU), and also revealed damage to the hoses of the TLU-2 inner sleeve. In this regard, CPC decided to temporarily decommission these TLUs for flushing and repair.
According to Russian Deputy Energy Minister Pavel Sorokin, if the damage is confirmed, the repair of the remote mooring device at the CPC terminal may take 1.5-2 months, which will cause a drop in oil exports in the amount of about 1 million barrels per day.
The pipeline capacity is 67 million tonnes of oil per year. From 2001 to January 9, 2022 inclusive, 766,973,131 tonnes of net oil was supplied to world markets through the Tengiz-Novorossiysk oil pipeline system. Including from Kazakhstan 668,967,665 tonnes, or 87.2% (including the Kashagan, Karachaganak, Tengiz fields).
Meanwhile, the main foreign consumer of Kazakh oil is Italy 17.9 million tonnes. This is followed by the Netherlands, France, China, Turkey, Spain, South Korea, Romania, India and other countries.