Home/Press Center/Press Releases/2017/Working meeting with LiquidPower Specialty Products Inc. management

CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Working meeting with LiquidPower Specialty Products Inc. management

On March 28, 2017, Nikolay Gorban, CPC General Director, had a working meeting with representatives of LiquidPower Specialty Products Inc. (LSPI), a well-known producer of drag-reducing agents (DRA) for mainline oil pipelines.
The meeting was attended by Dennis Fahy, CPC Consultant, Operations, Marina Kaplan and Dezire Murenzi, LSPI Vice Presidents, and Roman Korjov, Project Manager, LSP Rus LLC. The participants of the meeting discussed prospects for developing cooperation between CPC and LSPI in connection with increase in oil transportation volumes through the Tengiz – Novorossiysk mainline pipeline after the completion of CPC Expansion up to 67 MTA.
Assessing current interaction, the two parties highlighted high reliability of LSPI product supply at all stages of the logistics chain, strict delivery time compliance, effective DRA inventory planning, and flexibility in changing from one DRA type to another depending on actual whether conditions.
As a reminder, LiquidPower Specialty Products Inc. working in more than 35 countries on 6 continents has been improving on patented DRA technology for over 30 years. LSPI’s team of scientists have a long list of breakthrough accomplishments; they invented the first commercial drag reducing agent in 1979. In 1994, this same team launched the first suspension-based DRA and, in 2008, developed the first and only DRA for heavy oil.
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.
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%.