OREANDA-NEWS. On 10 March, KPO reached another important milestone with the loading of some 200 million barrels of oil since exports through the Caspian Pipeline Consortium (CPC) line commenced in 2004.

This milestone was achieved during the recent loading of the DOMUS AUREA tanker at the CPC marine terminal in Yuzhnaya Ozereevka on the Black Sea.

Commenting on the achievement, Peter Costello, KPO Marketing Director said: “This milestone follows closely after the successful loading of the 300th vessel and since commencing exports, some 200 million barrels have been lifted without a single marine incident.

“This is an outstanding achievement which has been made possible by our coordinated efforts within KPO and with our Trading Affiliates and the Authorities. I would also like to make particular mention of the excellent work of the CPC organisation.”

Ensuring the efficient and timely loading operations at the marine terminal requires commitment to the highest safety standards, industry best practice and cooperation. As a responsible shipper KPO strives to achieve operational excellence by effectively and proactively resolving issues and fostering beneficial partnerships with key stakeholders.

Processed oil from the Karachaganak Processing Complex is injected into CPC pipeline system in Atyrau and moved across Russia in one common stream with crude oil from other fields. It is delivered to the CPC shore facilities on the Black Sea where it is loaded. At the point of loading, the blend is comprised of various crudes including KPO's oil. It is distinctly recognised in the market as CPC Blend and is quoted worldwide at international prices.