Caspian Pipeline Consortium took part in the 25th Anniversary International Oil & Gas Exhibition KIOGE 2017 held in Almaty from October 4 to October 6. An information board with materials of CPC activities was presented at the exhibition.
Kairgeldy Kabyldin, Deputy General Director, Republic of Kazakhstan Government Relations, spoke on behalf of the Caspian Pipeline Consortium at the International Conference. He noted that A-PS-3A would be commissioned in October 2017 thus marking full completion of the CPC Capacity Expansion Project in the Republic of Kazakhstan. By the end of the year upon commissioning of all the CPC Expansion Project facilities the pipeline capacity will grow up to 67 mn ton per year, including that of the Kazakhstan section up to 52.5 mn ton per year.
During two days experts from different countries discussed most pressing issues of oil and gas industry, including key indicators of the RK energy sector, prospects of major projects. CPC-K management team had several meetings with representatives of governmental bodies, service companies and consulting entities.
In total the Anniversary International Oil & Gas Exhibition / Conference KIOGE 2017 brought together 250 companies from 25 countries.
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%.