CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC General Director’s Working Meeting in the Republic of Kalmykia

On November 1, 2016, N. Gorban, CPC General Director, and M. Grishankov, Deputy General Director, Russian Government Relations, had a business meeting with A. Orlov, Head of the Republic of Kalmykia, and I. Zotov, Chairman of the Government of the Republic of Kalmyia.
The meeting discussed working interfaces between CPC and the Republic of Kalmykia, in particular CPC’s assistance in launching new community-related facilities in the Republic of Kalmykia, organizing preparation of general education school graduates for entering industry education establishments in Kalmykia, and other important topics.
The meeting resulted in a decision to draft an Agreement on Cooperation between CPC-R and the Republic of Kalmykia for signing in early 2017.
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%.