CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Participates in the Russian-Chinese Energy Forum

Nikolay Gorban, General Director of Caspian Pipeline Consortium, attended the Russian-Chinese Energy Forum held on 26–28 November in Beijing. Top managers of leading companies in China, Russia and Kazakhstan, including Rosneft, Gazprom, Transneft, Zarubezhneft, and KazTransOil, gathered at the Forum for a constructive discussion on a wide range of issues relating to development of the energy sector.
On November 28, Nikolay Gorban together with delegates from Transneft participated in sessions on Financial Cooperation in the Energy Sector and Information Technologies in the Energy Sector under the section “Oil and Gas Industry”. Russian and Chinese participants discussed topical issues of intra-sectoral cooperation, as well as prospects of using modern cyberspace capacities and advantages.
FYI:
CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. Length of the Tengiz–Novorossiysk pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor weather conditions.
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% and Oryx Caspian Pipeline LLC – 1.75%.