CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meeting of CPC and KMG Heads

 

20190614-2.jpgA meeting between CPC General Director Nikolay Gorban and Daniyar Berlibayev, Deputy Chairman of the Board, Oil Transportation and International Projects, National Company “KazMunayGas”, was held on June 12, 2019, in Nur-Sultan, the capital of the Republic of Kazakhstan.

CPC 2018 performance results, the prospects of implementation of programs of further CPC crude pipeline system modernization and topical matters of international cooperation in energy resources transprotation became the key subjects of the conversation.

For reference: KazMunaiGaz is one of the largest shareholders in CPC – the National Company represents in the CPC Project the Republic of Kazakhstan interest of 19%. KazMunaiGaz produces 28% of the total oil and gas condensate production in Kazakhstan and 16% of natural gas and APG, ensures 65% of oil pipeline transport and 77% of tanker transport from Aktau, as well as 95% of natural gas pipeline transport. It processes 82% of oil produced in Kazakhstan and holds a 17% share of the petroleum products retail market. KazMunaiGaz employs about 90 thousand people.

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%.