CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Working Meeting between CPC Management and Astrakhan Oblast Administration

Nikolay Gorban, Consortium General Director and Igor Babushkin, Acting Astrakhan Region Governor, held a working meeting at CPC Moscow Offices on December 16, 2019.
The parties discussed the cooperation of the international company with this region under the effective Social and Economic Cooperation Agreement. For reference, the document was signed in August 2019 and is aimed at further development of the interaction in both industry and social partnership.
The priority objectives of the Agreement include support to continuous and accident-free operation of Tengiz-Novorossiysk trunk crude pipeline in Astrakhan Oblast; implementation of the Debottlenecking Program aimed at further upgrade and increase of the throughput capacity of CPC crude pipeline; as well as provision of Consortium's support in development of social infrastructure of the region.
In 2019, CPC allocated over 87 M Rubles to the charity projects in Astrakhan Region. This figure includes almost 34 million rubles for purchase of intensive care and diagnostiс equipment for Kirov City Clinical Hospital No.3, 20 million rubles for purchase of two children's mobile intensive care units and 7 bedside monitors for Perinatal Center of Aleksandro-Mariinsk Regional Hospital, 9.2 million rubles for purchase of 5 artificial respirators for Selischeva Regional Children's Hospital, 9.3 million rubles for purchase of a bus and a laundry unit for ‘Rus’ regional rehabilitation center, 2.5 million rubles for sturgen preservation awareness program “Let's preserve the nature of our native land”.  In addition, traditional programs were maintained in the region: "CPC to First-Grade Schoolchildren”, “New Year and Christmas with CPC” and a festival/competition “CPC to Gifted Children”.
In 2020 the Consortium plans to allocate around 20 million rubles for various social projects in Astrakhan Region. Traditionally these projects include such priority areas as education, healthcare, culture and children's sport support. Moreover, CPC will donate another 120 million rubles in the construction of a social facility in one of the regional districts crossed by the CPC pipeline. The specific construction location and the purpose of the facility will be defined jointly by CPC Management and Administration of the region.
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 KazMunayGas – 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%.