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The Project is designed to increase the trunk pipeline capacity

CPC’s Gift to Cultural Institutions in Novorossiysk

On February 5th, an official ceremony was held in the Novorossiysk City Theatre to mark the gift of sound and lighting equipment, including musical instruments, to city cultural institutions from the Caspian Pipeline Consortium.
Leonid Bokhanovsky, CPC-R Deputy General Director for RF Government Relations, representatives of the City Administration, managers of local cultural institutions, and bands took part in the ceremony.
Children and Youth Arts Center named after N. Sipyagin received several sets of loudspeaker equipment, digital mixing console Soundcraft Si Expression 3 and state-of-the-art sound radio systems as part of the social program implemented by the Consortium and associated with the Year of Culture in Russia. Novorossiysk City Theatre got a set of radio microphones and professional lighting equipment as a gift from CPC. An accordion, a piano and an advanced loudspeaker system were given to the bands of the Children Arts School named after L. Gergiyeva.
Total cost of the donated equipment and instruments amounted to more than 4 million rubles.
Representatives of the City Administration expressed their profound gratitude to the Consortium’s Management for support that had been provided to Novorossiysk throughout all the time of cooperation between the Company and municipal government. Culture professionals thanked heartily the Company for giving children opportunities of creative work and self-fulfillment, and were proud to demonstrate the proficiency of their best bands.
Leonid Bokhanovsky and Vladimir Sinyagovsky, Mayor of Novorossiysk Hero-City, held a meeting before the ceremony. The Mayor expressed his thanks to the Management of the Consortium for support that had been provided to Novorossiysk throughout all the time of cooperation between the Company and municipal government. They also discussed issues of importance and prospects of further cooperation between the Consortium and the City.
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.
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%.