On 6 August 2018, there was a working meeting held at the TCO head office at Atyrau, between Nikolay Gorban, General Director, Caspian Pipeline Consortium, and Ted Etchison, General Director, TCO. The General Directors discussed current interface issues and also outlined prospects for cooperation between the two actively developing companies.
TCO, which has celebrated its 25th anniversary this year, is the main supplier of crude oil into the CPC system. Tengizchevroil is currently implementing phase three of its capacity expansion. The day before, Nikolay Gorban had visited the Tengiz pump station located close to the like-named oil field where major work activities are in progress. He commented that the Consortium had corresponding technical capabilities which would allow to receive additional volumes of crude oil from TCO into the Tengiz-Novorossiysk oil pipeline system.
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%.