On 22 March Nikolay Gorban, Caspian Pipeline Consortium General Director, has visited CPC’s Marine Terminal to inspect the company’s industrial facilities.
As part of his trip, Nikolay Gorban had a working meeting with Novorossiysk Mayor Igor Dyachenko. The two parties discussed a number of current interaction issues and confirmed agreements that are in place based on a Cooperation Agreement signed on 25 January 2017. As a reminder, the Agreement is aimed at further developing and improving efficiencies of Novorossiysk’s industrial and transport infrastructure and CPC’s facilities, strengthening the city’s financial and economic situation and improving the investment climate in it.
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.
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%.