CPC oil shipments drop nearly 4 million tonnes in 2026

September 30, 2026 at 03:45 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

The Caspian Pipeline Consortium shipped almost 50 million tonnes of oil from its marine terminal between January 1 and September 25, 2026, down about 4 million tonnes from the same period last year. The terminal handled 397 tankers, compared with 453 a year earlier. The decline was driven by the 2025 single point mooring incident, lower Tengizchevroil deliveries in the first quarter, longer storm warnings near Novorossiysk, and more weather-related shutdown days.

Key Facts

CPC shipped almost 50 million tonnes of oil from its marine terminal from January 1 to September 25, 2026, about 4 million tonnes less than in the same period of 2025.
The terminal handled 397 tankers in the period, down from 453 a year earlier.
CPC attributed the decline to the 2025 single point mooring incident, lower Tengizchevroil deliveries in Q1 2026, longer storm warnings near Novorossiysk, and more weather-related shutdown days.
CPC employees and contractors worked 8.2 million man-hours without incidents in the first eight months of 2026, with accident-free vehicle mileage reaching 42 million kilometres.
Shareholders elected new members to the boards of directors of CPC-R JSC and CPC-K JSC at the meetings in Istanbul on September 29–30.

Shipment Decline

CPC shipped almost 50 million tonnes of oil from its marine terminal between January 1 and September 25, 2026, down about 4 million tonnes from the same period last year. The terminal handled 397 tankers in the period, compared with 453 a year earlier. CPC cited the 2025 single point mooring incident, lower Tengizchevroil deliveries in the first quarter of 2026, longer storm warnings near Novorossiysk, and more weather-related shutdown days as the main factors.

Safety and Operations

CPC employees and contractors worked 8.2 million man-hours without incidents in the first eight months of 2026, with accident-free vehicle mileage reaching 42 million kilometres. The company continues to develop its leadership programme in occupational health, industrial and environmental safety, forming a community of leader-mentors in all divisions in the first half of the year. Shareholders discussed the state of the pipeline system, the work of the Reliability Coordination Committee, long-term investment projects, and proposals to optimise oil pumping regimes.

Governance and Strategy

Shareholders elected new members to the boards of directors of CPC-R JSC and CPC-K JSC at the meetings in Istanbul on September 29–30. The meetings also reviewed progress on the CPC Development Strategy for 2027–2036 and cost optimisation measures.