On September 29 – October 2, 2016, Nikolai Gorban, CPC General Director, participated in Sochi-2016 XV International Investment Forum. The CEO attended to the plenary meeting, took part in several panel sessions and visited the exhibition.
CPC General Director also had meetings with Rustam Minikhanov, Head of Republic of Tatarstan, Vladimir Vladimirov, Governor of Stavropol Krai, Igor Zotov, Chairman of the Government of Republic of Kalmykia, and Head of other Russian regions.
Caspian Pipeline Consortium is a traditional participant of the Sochi Investment Forums – this is where the cooperation agreements between CPC and Krasnodar Krai and Stavropol Krai as well as Novorossiysk were signed.
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%.