Home/Press Center/Press Releases/2014/Little inhabitants of Novorossiysk received Treasure Island as a New Year present

CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Little inhabitants of Novorossiysk received Treasure Island as a New Year present

http://admcpc.cpcpipe.ru/SiteCollectionImages/pr/Glebovka.jpgOn 24 December Nikolay Brunich, CPC General Director, and Vladimir Sinyagovsky, head of Novorossiysk City Administration, cut a ribbon at the opening ceremony of kindergarten No. 18 in Glebovskoe village. The event marked successful completion of the biggest charity project under the CPC Expansion.
Handing over a symbolic key CPC General Director thanked the city head for fruitful cooperation to the benefit of Novorossiysk inhabitants.
“I’m very glad we’ve managed to make such a gift to Glebovka dwellers and for the New Year too. Hope the kids will feel comfortable here. Let them grow healthy and happy, get education and join our company as skilled specialists. We have another present to little owners of the kindergarten — multimedia equipment,” Nikolay Brunich said.
In his turn Vladimir Sinyagovsky, the city head, thanked CPC for active charity role in the municipal entity’s life and expressed confidence in further development of partner relationships between CPC and the City.
The kindergarten, named the Treasure Island, has got all that is required for comfortable stay of children there, even a swimming pool. Using its own charity funds CPC equipped the kids’ facility with furniture, kitchen, laundry and ironing equipment, toys and playground tools on a turn-key basis.
In total CPC spent almost RUR 140 million on the kindergarten construction. The construction work commenced in September 2013 and was complete by end October 2014. The facility was commissioned within the agreed upon timeline with due regard for all requests of its customer – Board of Education, Novorossiysk City Administration. The kindergarten opened its doors to almost 230 kids, including junior ones – aged 2-3 in a nursery group.
CPC pipeline system is one of the largest investment projects in the energy industry with participation of foreign capital on the CIS territory. The length of the pipeline connecting the oil fields in Western Kazakhstan with the Marine Terminal near Novorossiysk is 1,511 km. CPC Marine Terminal is equipped with single point moorings which allow for safe tanker lifting at a considerable distance from the shore, also when the weather conditions are unfavorable.
The Expansion Project includes rehabilitation of 5 existing and construction of 10 additional pump stations (2 in the Republic of Kazakhstan and 8 in the Russian Federation), six new storage tanks (100,000 cu.m each) in addition to the existing four near Novorossiysk and a third SPM at the CPC Marine Terminal, and also the replacement of an 88 km pipeline section in Kazakhstan with a larger diameter pipe. The total amount of the Project investments will be US$ 5.4 billion.
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% и Oryx Caspian Pipeline LLC – 1.75%.