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Reconstruction of Secondary School No.37 is Completed in Staromyshastovskaya Village

On August 30, 2017, reconstruction of Secondary School No. 37 was completed in Staromyshastovskaya, Dinsky District, Krasnodar Krai, after its major repair funded by Caspian Pipeline Consortium.
Veniamin Kondratiev, Krasnodar Krai Governor, and Mikhail Grishankov, CPC-R Deputy General Director, visited the school. As the Governor stressed, “To provide good education to children, we need, first of all, to create good conditions for the educational process. And, thanks to Caspian Pipeline Consortium, such conditions exist now in this school.”
By the new academic year, workers equipped 14 modern specialized classrooms, a gym hall with shower cabins and toilet, school hall, modern catering facility with a 80-seat dining room, and a medical room. For the purposes of the major repair of this building, CPC allocated over 64 Million Rubles, and another 2 Million Rubles were spent to buy modern equipment for the school needs.
CPC Deputy General Director Mikhail Grishankov noted that reconstruction of this educational entity is a good example of successful cooperation between the regional administration and company: “This is actually a new school, a modern one that meets the latest standards. Our company is ready to continue its active participation in development of the Krai’s social sphere”.
The school was also visited by the Krai Administration representatives: Anna Minkova, Deputy Head of Krasnodar Krai Administration; Konstantin Fedorenko, Acting Minister of Education, Science and Youth Policy, Krasnodar Krai, and Sergey Zhilenko, Dinskoy District Municipality Head.
In total in 2017 CPC implements 20 charity projects and programs for the total amount of more than 410 Million Rubles in Krasnodar Krai.
Being a socially responsible company, CPC is actively involved in the social life of the territories where the Consortium’s facilities are located, focusing on developing long-term mutually beneficial relations with the Regions.
Thus, on June 1, 2017 Caspian Pipeline Consortium and Krasnodar Krai Administration signed a cooperation agreement. The document was signed at St.Petersburg International Economic Forum (SPIEF 2017) by CPC General Director Nikolay Gorban and Krasnodar Krai Governor Veniamin Kondratiev.
The executed agreement creates a reliable basis for steady development of cooperation between the parties, strengthening of financial and economic potential and investment attractiveness of Krasnodar Krai, contributes to social stability and improvement of population welfare in the Region. The Consortium will continue active implementation of large-scale social programs and provision of charity aid in the Krai.
For reference:
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of Tengiz-Novorossiysk pipeline is 1,511 km; more than two thirds of all export crude oil from Kazakhstan and crude oil from the Russian fields, including those in the Caspian Region, are transported by this route. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also amid poor 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%.