CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2021: Heads of CPC and Sovkombank Discussed Cooperation Prospects

20210604-4.jpgCPC General Director Nikolai Gorban and Deputy Chairman of Sovkombank PJSC Board Mikhail Avtukhov held a meeting on June 04, 2021 within the framework of St. Petersburg International Economic Forum. The meeting was also attended by Alexey Khodakov, CPC Chief Accountant and Ilia Shimansky, Head of Transportation and Infrastructure Customer Service Department. The parties discussed cooperation prospects.

In 2020, Sovkombank held a third place among RF private banks in terms of RAP assets according to the Interfax rating. The number of Sovkombank’s branches has reached 2,334. The branches are located in 1,000 Russian cities. The Group's assets have reached 188 billion rubles.

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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), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions

CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, 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%.