CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC-R and the Russian Oil & Gas University named after I.M. Gubkin has signed the Cooperation Agreement

On April 9, 2015, CPC-R and the Russian Oil & Gas University named after I.M. Gubkin entered into the Cooperation Agreement.  The document was signed by N.G. Brunich, CPC General Director, and V.G. Martynov, University’s Rector, at the University’s Supervisory Board meeting chaired by V.A. Zubkov, Special Representative of RF President for interaction with the Forum of Gas Exporting States.
The Agreement aims to establish the partner relationship with the view to bolster mutually fruitful cooperation in various fields, including joint publication of the papers, CPC-R personnel refresher training, training sessions and workshop in the University premises, as well as internship of the students at the Consortium’s facilities.
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%.