The Caspian Pipeline Consortium (CPC) exported 9.441 million tons of oil in January-February 2018, which is 16.78 percent more than in the same period of 2017, the CPC press service said in a message.

In February 2018, the volume of oil exports of CPC amounted to 4.592 million tons against 3.905 million tons in the corresponding month of the previous year, Azernews reports.

The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of the pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 km. CPC’s Marine Terminal is equipped with Single Point Moorings that allow to load tankers safely at a significant distance offshore.

In 2017 CPC exported 55.107 million tons of oil, which is 24.4 percent more than in 2016.

Aida AYSA,

“Khalg gazeti”