CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Management Meeting with Siemens AG Conglomerate Representatives

A meeting between CPC General Director Nikolay Gorban and German Conglomerate Siemens AG representatives headed by Executive Director Joe Kaeser, was held on June 7, 2019, at the Petersburg International Economic Forum (PIEF-2019). Nikolay Gorban and Joe Kaeser exchanged their opinion on the matters pertaining to the Companies’ cooperation and key lines of joint work. The parties discussed application of the advanced technologies and innovation solutions in electrification and automation and energy saving at the pipeline transport facilities.
The German conglomerate and International Consortium started their close cooperation back at the turn of this century at the Initial Construction stage of Tengiz-Novorossiysk pipeline system facilities. Their active interaction continued in the course of the CPC pipeline system Expansion Project implementation in 2010-2017.
Siemens AG Conglomerate operates in over 190 countries of the world in various spheres: electrical engineering, electronics, energy equipment, transport, medical equipment and lighting engineering, and also in provision of specialized services.
For reference:
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% и Oryx Caspian Pipeline LLC – 1.75%.