CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC and Chevron Corporation Heads Had a Meeting

A meeting of CPC General Director Nikolay Gorban and Michael Wirth, Chevron Corporation Board Chairman, took place in Astana on April 4, 2018. Dennis Fahy, CPC First Deputy General Director, also participated in the meeting.
In the course of the meeting, the parties discussed a wide range of matters pertaining to the Companies’ cooperation in crude oil transportation through CPC System in the context of future increase of oil production from Tengiz field developed by Tengizchevroil LLP. It was noted, that Chevron Corporation was one of the major Shareholders of the Consortium and one of the major Shippers of crude oil transported by CPC pipeline system.
In addition, the Companies’ Heads discussed the exchange of experience of energy resources pipeline transportation. 
Michael Wirth took the General Director office and became Chevron Corporation Board Chairman on February 1, 2018. From February 2017, he was Deputy Chairman of Chevron Corporation Board of Directors.
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%.