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CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Millions for Novorossiysk Community Healthcare

On February 9th, an official ceremony was held in Novorossiysk to give state-of-the-art equipment to five healthcare centers. This event was a product of the social partnership of the hero-city and Caspian Pipeline Consortium.
Nikolay Brunich, General Director of Caspian Pipeline Consortium, and Vladimir Sinyagovsky, Head of Novorossiysk, took part in this ceremony.
The donated cutting-edge medical equipment with a total cost of over 28 million rubles includes surgical and endoscopic sets, laboratory devices, a digital radiography unit, Holter-monitoring system, endoscopic devices, a mobile fluorography device, and a multi-purpose U/S device. This equipment ensuring better-quality high-tech medical care was given to City Hospital #1, Children’s City Hospital, Children’s City Outpatient Clinic, City Outpatient Clinic #7 in Verkhnebakansky Settlement, and Outpatient Clinic #2 in Tsemdolina Settlement.
Healthcare centers support is a prioritized objective of CPC-R’s social policy. The Company has been providing charity support to healthcare centers of Novorossiysk for over 10 years. Over the last five years, CPC-R has purchased medical equipment for over 94 million rubles which has enabled the healthcare centers to expand their range of traumatology, surgery, neurosurgery, urology procedures, and master new surgical methods.
It was noted at the ceremony that an expensive project for City Outpatient Clinic #2 upgrade, for which CPC-R had allocated 48 million rubles, would soon pass due diligence. The project will be completed in 2016.
“We can see that our contribution is beneficial for the city community and we are happy that we are in a position to help. Our throughput capacity is increasing to 67 MTA this year, which means more jobs, more budget revenues and more social projects,” Nikolay Brunich said.
City head Nikolay Sinyagovsky expressed, on behalf of Novorossiysk, gratitude to CPC-R Management for effective cooperation. He noted that CPC Shareholders are always willing to respond to the needs of 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.
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%.