CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Develops Cooperation with Astrakhan Oblast

A meeting of the Working Group on CPC Expansion Project implementation was conducted on August 10th in Astrakhan. CPC General Director Nikolay Gorban, Heads of the Oblast relevant agencies and representatives of Federal and Regional supervisory and regulatory authorities took part in the meeting chaired by Astrakhan Oblast Governor Alexander Zhilkin.
In the course of the meeting Nikolay Gorban noted: “The Consortium will develop cooperation with the Oblast in both industry and social partnership”.
Today about 200 million Rubles go into the Region’s consolidated budget for the Consortium’s facilities already in operation. And after commissioning of two new pump stations (А-PS-4А and А-PS-5А) the tax revenues will multiply. Payments in the form of personal income tax – the new facilities will be operated and maintained by at least 400 specialists – will also grow significantly.
“We are grateful to Caspian Pipeline Consortium for the longstanding social partnership and high-quality implementation of charity projects within Astrakhan Oblast”, - emphasized Alexander Zhilkin in the course of the meeting. He pointed out to the Consortium-funded supply of medical and computer equipment, acquisition of school buses, gifts to the first-year schoolchildren from needy families and many other things.
In 2016 in accordance with the Agreement signed by Astrakhan Oblast Government and CPC construction of kindergartens in the villages of Baybek, Krasnoyarsk District, Starokucherganovka, Narimansky District, and in the town of Kharabali will commence. Delivery of medical equipment for the Oblast children clinical hospital named after N. Silischeva is also expected.
For reference.
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%.
Photographs provided by the Press service of the Astrakhan Oblast Governor.