Nikolay Gorban, the general director of Caspian Pipeline Consortium, and Dimash Dosanov, the general director of KazTransOil, had a working meeting in Nur-Sultan on 9 December. The parties discussed performance under a service contract for maintenance, repairs, and emergency response at Caspian Pipeline Consortium-K oil pipeline system facilities in the Republic of Kazakhstan. They also identified priorities for cooperation in 2021.
As a reminder, KazTransOil signed the service contract with CPC-K for maintenance, repairs, and emergency response at Caspian Pipeline Consortium-K oil pipeline system facilities in the Republic of Kazakhstan for 2018-2023, in 2018.
The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km; this route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in 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 PJSC 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%.