On 23 April the Representatives of CPC Shareholder Companies visited PS-7 near Staromyshastovskaya Cossack Village. The Station has been constructed under Phase Two of the Consortium’s Expansion Project and will be put into operation before the end of the first six months of this year. The Shareholders inspected the Station territory, mainline and fire pump buildings, visited the operators’ center.
– The visit to the Station greatly pleased me. The facility has been completed at a high technology level, with high quality. We were also impressed by the serious preparation of the Operations’ representatives: we asked them a lot of questions and none of them remained unanswered properly, – commented Andrew McGrahan, CPC-R Board Chairman, Chevron Neftegaz Inc. President.
In late afternoon the Shareholder delegation took part in the opening of a new kindergarten in Staromyshastovskaya Cossack Village. The red ribbon was cut by Leonid Bokhanovskiy and William Simpson, Deputy General Directors, Transneft Vice President Mikhail Barkov and Sergey Samoilyuk, First Deputy Head of Dinsky District.
– We, in CPC, build many facilities – crude pipeline, pump stations, tank farms, but the kindergarten is of no less importance to us, as well. It was anything but simple to build it, and on such a tight schedule. But what all those difficulties mean compared to the efforts of bringing up and educating children, turning them into true citizens. I wish your district development and prosperity, and CPC, as socially oriented Company, will support your initiatives with pleasure, – said William Simpson, CPC Deputy General Director, Engineering and Projects.
The kindergarten in Staromyshastovskaya has become the third kindergarten built in Krasnodar Krai under the charity program of CPC Pipeline System Expansion Project. And in total during 1998 – 2015CPC-R invested into the social sphere of Kuban region alone almost a billion Rubles.
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%.