CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC at the International Oil and Gas – KIOGE 2016 Exhibition and Conference

Caspian Pipeline Consortium attended the 24th Kazakhstan International “Oil and Gas – KIOGE 2016” Exhibition and Conference held on October 5-7 in Almaty. CPC had its own exhibition stand with CPC background information materials.

KIOGE–2016 focus areas: development of a register of oil service companies based on international experience and with involvement of international experts, investment attractiveness of oil production and investment risks of geological prospecting, oil and gas transportation, increase in local Kazakh content and staffing issues of oil and gas scientific community.

The intensive 2-week KIOGE 2016 program mostly consisted of round tables, sessions and seminars.

CPC was represented by CPC-K Deputy General Director K. Kabyldin and CPC-R Deputy General Director M. Grishankov.

Delegates discussed best case-studies with the emphasis on investment contracts and RoK Government legislative initiatives targeted to improve a legislative/regulatory framework for trade and economic cooperation and harmonize national and international laws.

More than 220 companies from the USA, Russia, Italy, China, Austria, Germany, Great Britain, Poland, Norway, Azerbaijan, Argentina, Czech Republic, Turkey, Ukraine, France, Iran, Spain, etc. demonstrated their products and services.

During the exhibition the CPC stand was visited by more than 4,000 representatives of 10 countries, including top managers, technical experts, representatives of oil and gas companies, equipment vendors and services companies.

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%.