CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC General Director Awarded Honorary Corporate Emblem to V. Sinyagovsky

20181203-1.jpgOn 4 December 2018, CPC General Director Nikolay Gorban presented Deputy of the State Duma, RF Federal Assembly Vladimir Sinyagovsky with the honorary emblem “For personal contribution to the implementation of the Expansion Project, increase of oil pipeline throughput, reliability, process and environmental safety of the Caspian Pipeline Consortium facilities”. The award ceremony took place during the summing-up of the 2018 Consortium charity programs results in Novorossiysk.

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Up to 2016, Vladimir Sinyagovsky was the head of the hero city Novorossiysk and for many years provided a major support for the project of expanding the capacity of the Tengiz-Novorossiysk pipeline system, facilitated prompt and efficient solution of many tasks facing construction of process and social facilities within the municipal entity.

From 2011 to 2016 under the CPC Expansion Project, the third single point mooring (SPM) was installed and six new RVS-100000 tanks were built at the Marine Terminal (MT) near Novorossiysk, thus bringing the total capacity of the MT Tank Farm to one million tons.

Higher CPC pipeline system throughput provided the Company with an extra capability for implementation of large-scale social programs in public health, education, culture, sports etc. in the region. Only for the last five years the Consortium allocated more than RUR 500 million for the social needs of Novorossiysk.

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%.