On 15 May 2017 CPC General Director Nikolay Gorban held a working meeting with the Head of the Novorossiysk Inspectorate, Krasnodar Krai, RF Federal Tax Service Dmitriy Mokrousov. The meeting was also attended by CPC Deputy General Director, RF Government Relations Mikhail Grishankov and Head Accountant Alexey Khodakov.
The meeting touched upon the issues of interaction between one of the biggest taxpayers of the region and the local tax authorities, including specifics of transferring the company pension and social payments administration to the Novorossiysk Tax Service.
Besides, Nikolay Gorban informed the Head of the Novorossiysk Tax Service about intended major increase of CPC tax payments to the regional and local budgets in 2017.
FYI:
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of the pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 km. CPC’s Marine Terminal is equipped with Single Point Moorings that allow to load tankers safely at a significant distance offshore, including bad weather conditions.
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% and Oryx Caspian Pipeline LLC – 1.75%.