On 6 June 2019, CPC General Director Nikolay Gorban and Sberbank-AST General Director Nikolay Andreev signed a cooperation agreement on the sidelines of the Saint-Petersburg International Economic Forum.
The electronic trading platform (ETP) of ZAO Sberbank-AST is designed for purchases for state and municipal needs and functions pursuant to Federal Law No. 44-FZ of 05 April 2013. The Sberbank-AST platform has purchase sections of the leading companies of the country. ETP provides all possibilities for digitalization, automation and administration of purchases, their transparency, reliability and safety. The platform offers to its participants custom-adjusted processes, integration with internal purchasing systems. Currently, the Sberbank-AST EPT involves more than 600 thousand vendors.
Caspian Pipeline Consortium is one of the most efficient and reliable routes for crude oil transportation from the Caspian region to the world markets. Among CPC priorities is application of advanced technologies, international standards for management, designing, construction and operation of oil pipeline transport facilities. And we always strive for improvement of our industrial and business processes. Cooperation with Sberbank-AST is certainly a part of these important activities. “The agreement will enable prompt, competent and safe purchasing in the CPC interests,” – stressed CPC General Director Nikolay Gorban before signing the document.
“We are sure that such an important infrastructural project, involving the interests of several countries, will provide the required processes for further efficient activities and development. Interaction between the Consortium and Sberbank-AST will strengthen the relations between the Sberbank Group and CPC-R”, - noted Sberbank-AST General Director Nikolay Andreev.
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CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The 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%.