CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2018: CPC Management met with Gubkin Oil & Gas University Chancellor

On May 24th, Nikolay Gorban, CPC General Director, met with Victor Martynov, Gubkin Oil & Gas University Chancellor, on the sidelines of the St. Petersburg International Economic Forum (SPIEF-2018).

The parties discussed the progress of a cooperation agreement signed by Gubkin University and CPC in 2015. The document opened up great opportunities for cooperation in various spheres.

Focus was made in the course of the discussion to organizing traineeships and pre-degree apprenticeships for university students at CPC’s facilities, as well as joint preparation of scientific publications and CPC employee advanced training at the University.

The meeting was also attended by Mikhail Grishankov and Kayrgeldy Kabyldin, Deputy General Directors.

As a reminder, in 2018, CPC charity funds were used to renovate the University’s Big Academic Lecture Room. The consortium allocated almost 32 million roubles for these purposes as well as for equipping the lecture room with multi-medial equipment. Earlier, in 2015, CPC repairs the roofs of three buildings in the university campus for an amount of over 9 million roubles.

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%.