On September 15, 2016, there was a meeting between CPC General Director Nikolay Gorban and KazMunayGaz Management Board Chairman Sauat Mynbayev. Nikolay Gorban stated that CPC was ready to ensure a capacity increase of the Tengiz-Novorossiysk pipeline in full and in time for receiving oil from the Kashagan field.
“All necessary work to increase the capacity of the CPC pipeline system will be completed by the beginning of commercial production at Kashagan”, he stated.
After the Expansion Project is completed in mid-2017, the capacity of the mainline pipeline will reach 67 million tons per annum. At the same time, just from Kazakhstan, it is planned to receive about 52.5 million tons.
For reference.
CPC pipeline system is one of the largest investment projects in the energy industry with participation of foreign capital on the CIS territory. The length of the pipeline connecting the oil fields in Western Kazakhstan with the Marine Terminal near Novorossiysk is 1,511 km. CPC Marine Terminal is equipped with single point moorings which allow for safe tanker lifting at a considerable distance from the shore, also when the weather conditions are unfavorable.
The Expansion Project includes rehabilitation of 5 existing and construction of 10 additional pump stations (2 in the Republic of Kazakhstan and 8 in the Russian Federation), six new storage tanks (100,000 cu.m each) in addition to the existing four near Novorossiysk and a third SPM at the CPC Marine Terminal, and also the replacement of an 88 km pipeline section in Kazakhstan with a larger diameter pipe. The total amount of the Project investments will be US$ 5.4 billion.
CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company – 7 %) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% и Oryx Caspian Pipeline LLC – 1.75%.