CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Head of CPC and Stavropol Krai Governor Launched Construction of Izobilny Children’s Polyclinic

On 23 August 2017, a groundbreaking ceremony was held in Izobilny for the children’s polyclinic of the Stavropol Krai State Budget Health Institution “Izobilny District Hospital”. The ceremony was attended by the Consortium Head Nikolay Gorban and Stavropol Krai Governor Vladimir Vladimirov.
Construction of the project with a total cost of about RUR 60 million is funded by Caspian Pipeline Consortium.
Total area of future building is about 1500 sq m. The building will accommodate general practitioners and 25 in-patients. All in all, the polyclinic will be able to receive up to 150 visitors per shift. Construction is scheduled to be completed in 2018.
Implementation of this social project, which was made possible due to cooperation between CPC and the Stavropol Krai Government, will provide little residents of the Izobilny District with prompt, highly-qualified medical assistance, including efficient diagnostic and treatment methods.
About CPC:
CPC pipeline system is one of the largest investment projects in the energy industry with participation of foreign capital in the CIS. The length of the pipeline connecting 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 loading at a considerable distance from the shore, also when the weather conditions are unfavorable.
CPC Shareholders: Russian Federation (represented by Transneft – 24% of and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% of 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% of and Oryx Caspian Pipeline LLC – 1.75%.