Will Kazakhstan be able to establish oil supplies bypassing Russia?
[ad_1]
What is CTC
More than two thirds of all oil exported by Kazakhstan passes through the CPC Tengiz-Novorossiysk oil pipeline. At the end of 2021, 60.7 million tons of oil were shipped at the sea terminal, which is 2.9% more than in 2020. At the same time, about 53 tons of oil was produced at the Kazakhstani fields Tengiz (26.5 million tons), Kashagan ( 15.7 million tons) and Karachaganak (10.2 million tons). From Russian fields in the Caspian Sea, 7.6 million tons of oil were delivered via CPC. The main shareholders of CPC are: the state-owned company Transneft (controls 24% of the shares, CPC Company – 7%), Kazakhstan (KazMunayGas with a share of 19% and Kazakhstan Pipeline Ventures – 1.75%); American Chevron (through Chevron Caspian Pipeline Consortium) owns 15%, Lukoil structure Lukarco BV – 12.5%, Mobil Caspian Pipeline and Rosneft-Shell Caspian Ventures (JV of Rosneft and Shell) – 7.5% each.
[ad_2]
Source link