CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Built Two Major Sports Facilities in Novorossiysk

20181203-3-1.jpg20181203-3-2.jpg20181203-3-3.jpg20181203-3-4.jpgOn 3 December 2018 in Novorossiysk, CPC General Director Nikolay Gorban, Vice-Governor of the Krasnodar Krai Anatoly Voronovsky, Acting Minister for Physical Culture and Sports of the Krasnodar Krai Sergey Myasischev, mayor of the hero city Igor Dyachenko and Chairman of the Krasnodar Krai Dynamo Society, Head of the Krasnodar Krai Authority of the RF Federal Security Service Igor Kolosov took part in the opening ceremony of new Children’s Tennis Center and Pobeda Archery Center.

In the Children’s Tennis Center young sportsmen will enjoy two ourdoor and two indoor courts with “hard” pavement meeting the current requirements and standards. Up to 30 young tennis players can train in the Center concurrently, while it is intended to have the total of 125 young sportsmen per day.

The Archery Center was built for the Pobeda Sports School students. 214 athletes have taken up this sport. Traditionally, the Sports School students are runners-up and winners of the Krasnodar Krai championships and competitions, being on the Krai team. This is the only such structure in the European part of Russia.

Construction of the Children’s Tennis Center and Pobeda Center started in December 2017. CPC allocated RUR 51 million to complete all work, including designing.

It should be noted that of late in Novorossiysk the Consortium has implemented a number of construction/refurbishment projects on various social facilities. So, in December 2017 out of the CPC charity funds City Polyclinic No. 2 was refurbished and in June 2018 refurbishment of the Kuban Cultural Center was completed. The CPC allocations for the above facilities reached RUR 96 million.

For reference.

The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of Tengiz-Novorossiysk pipeline is 1,511 km; more than two thirds of all export crude oil from Kazakhstan and crude oil from the Russian fields, including those in the Caspian Region, are transported by this route. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also in 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%.