CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC-R Extraordinary General Shareholders Meeting elected a new Board of Directors

Today an Extraordinary General Shareholders’ Meeting of CJSC “Caspian Pipeline Consortium-R” was conducted in Moscow. The Shareholders terminated the previous Board of Directors’ powers and elected a new Board consisting of 22 Members. The newly elected governing body will function till the next Company’s Annual Shareholders’ Meeting which will be held this spring.

CPC Shareholders:
Russian Federation (represented by Transneft – 24% and CPC Company – 7 %) – 31 %; Republic of Kazakhstan (KazMunaiGaz) – 19 %; 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%, Kazakhstan Pipeline Ventures LLC - 1,75% and Oryx Caspian Pipeline LLC - 1,75%.