On June 2, 2017 CPC General Director conducted negotiations with Victor Martynov, Head of the Russian State University of Oil and Gas named after I. Gubkin. The parties discussed the Consortium’s and University’s joint projects, cooperation in the sphere of training and re-training of highly qualified personnel, arrangement of internship and pre-graduation practical training of students at the Consortium’s facilities.
As a reminder: CPC General Director Nikolay Gorban is a member of the Fiduciary Board of he Russian State University of Oil and Gas named after I. Gubkin. In 2015 the Consortium and University signed a Cooperation Agreement.
The reconstruction of the great academic lecture hall and facade windows of the University main building which is currently being in progress is funded by the Consortium. CPC makes the top five major sponsors of the country’s leading oil and gas university.
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%.