CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC at the Meeting of the International Association of Oil Transporters in Hungary

On November 15-16, 2016 CPC General Director Nikolay Gorban participated in the VI Meeting of the International Association of Oil Transporters (IAOT). The meeting was held in Budapest, the capital of Hungary, under the chairmanship of Mr. Shandor Fashimon, Managing Director of MOL. Apart from the members of the Association – MRO ČR, Transneft, Transpetrol, MOL, Gomeltransneft-Druzhba, Kaztransoil, Chinese National Petroleum Corporation and Caspian Pipeline Consortium among the participants of the meeting also were Ukrtransnafta and JANAF (Croatia).
The IAOT participants discussed the results of three Standing Expert Groups of the Association (on energy efficiency, legal matters, oil deliveries), as well as the Association plan for the next two years. The meeting approved the results achieved by the Groups, the agreement between the IAOT and Transneft Research Institute for development of the energy efficiency benchmarking methodology, the Regulation of the Standing Expert group on Energy Efficiency and the Benchmarking Research Procedure.
The IOAT participants congratulated MOL Hungary on its 25th anniversary and paid an exchange of experience visit to Százhalombatta Refinery.
- We saw a major enterprise comprising not only oil refining but also petrochemical facilities, as well as two large oil and petroleum products transportation control centers. I believe such visits are useful: we exchanges experience and received the information that we can use in our company, – Nikolay Gorban, CPC General Director commented on the results of the event.
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 m3 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%.