Caspian Pipeline Consortium-R has decided to postpone some in-presence events of regional tours of the CPC to Talented Children Festival to mitigate a potential spread of the COVID-19 coronavirus.
Attended competition events and master classes earlier planned to be held in Novorossiysk and Stavropol in April 2020 and in Astrakhan in May are canceled. New event dates will be determined when restrictions on children events are lifted.
The date of the final ceremony of the CPC to Talented Children in Moscow will be advised after the events have been held in Novorossiysk, Stavropol and Astrakhan.
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 enable safe tanker loading operations at significant distance offshore including loading in adverse 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%.