A Republican meeting on oil and gas industry development was held in Kazakhstani city of Atyrau on September 05, 2019. The function dedicated to 120 years of Kazakhstani oil was chaired by Republic of Kazakhstan President Kasym-Zhomart Tokayev. Representatives of industry Ministries and Departments and industry largest companies’ CEOs participate in the meeting. Caspian Pipeline Consortium was represented at the meeting by CPC General Director Nikolai Gorban.
The function participants discussed development of the largest fields in the Republic of Kazakhstan, such as Tengiz, Kashagan, Karachaganak, and the progress of the upgrade of petrochemical industry enterprises and environmental protection matters.
The history of oil production in Kazakhstan started in November 1899 when Emba-Caspiy concession drilled first wells in Karashungul and light oil gushed out from one of them. In 1911, oilmen in Kazakhstan proceeded to develop Dossor field, in 1915 - Makat field.
As of today, about 280 fields have been discovered and developed in Kazakhstan. In 2018, the Republic produced 90.3 million tons of crude oil. Three quarters of all export oil of Kazakhstan is transported by Tengiz-Novorossiysk crude pipeline operated by Caspian Pipeline Consortium.
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 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%.