CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Increase in volumes loaded at CPC Marine Terminal in May 2017

Based on the results of May 2017, the CPC Marine Terminal (in Yuzhnaya Ozereevka, Krasnodar Krai) loaded 4,872,092 tons of oil (38,487,475 barrels), which is 166,281 tons more than in April 2017 and 1,512,678 tons more than in the same period last year.

Since the beginning of year up to the end of May, more than 22.5 million tons of oil has been loaded. Based on submitted Shipper nominations, the 2017 pumping target is 65 million tons. In particular, Kazakhstan shippers account for 54 million tons, including 11 million tons from Kashagan, and Russian shippers account for 11 million tons, including 5.4 million tons from the Filanovsky and Korchagin fields.

As a reminder, a certain decrease in loading figures in April 2017 was caused by a scheduled 56-hour shutdown of the oil pipeline for pipeline system maintenance and tie-ins of new facilities constructed under the CPC Expansion Project.

The record month in terms of loading volumes at the CPC Marine Terminal is March 2017 with 4,929,486 tons of oil (38,990,365 barrels).

Over the consortium’s entire history, the CPC Marine Terminal has loaded for export more than 4.5 thousand tankers which have accepted nearly 490 million tons of oil into their tanks.

Information on shipment volumes http://www.cpc.ru/RU/operations/Pages/loading.aspx

CPC Press Service

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%.