CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC presents school buses to Krasnodar Krai educational institutions

20170913.jpgOn 13th September 2017, Nikolay Gorban, CPC General Director, and Mikhail Grishankov, Deputy General Director, presented 19 school buses to Krasnodar Krai educational institutions. Anna Minkova, Deputy Head (Governor) of Krasnodar Krai Administration, heads of municipalities and school principals took part in a formal ceremony.

School buses are fitted with the navigation system GLONASS, speed limit devices, external loudspeakers, digital tachometers, emergency buttons and other safety devices. The cost of the school buses that were purchased using Caspian Pipeline Consortium’s funds is around 36.5 million rubles.

While presenting the keys for the new buses, CPC General Director noted that for many years the Consortium had been actively cooperating with the region in such social spheres as culture, healthcare, education, sports, and had been giving targeted help to vulnerable social groups.

– CPC is not only a business, but also a good corporate citizen committed to social development in the regions of its operations, implementation of large-scale projects enhancing local living standards. “CPC is always willing to help educational institutions: we build and renovate schools, kindergartens, provide various equipment and purchase vehicles”, emphasized Nikolay Gorban.

As a reminder, over the period of cooperation between the international Consortium and Krasnodar Krai in 1998–2016 CPC financed regional charity projects of around 1.4 billion rubles.

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%.