CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

The September issue of CPC Panorama is out now

20170925.jpgNew issue of the corporate magazine CPC Panorama came out today. The electronic version in Russian and English is available on the official website www.cpc.ru.

The new issue includes a commentary of CPC General Director Nikolay Gorban on the Consortium’s key results for the year to date. The Way It Was column describes a milestone event for CPC: the half-billion crude ton was lifted at the Marine Terminal in Novorossiysk. The CPC International Safety Day in Stavropol is covered in a colorful photo report. For the first time ever, the event was not led by the Expansion Project, but Base Business.

The Ecology column tells about CPC-K’s contribution to the saiga population preservation program in Kazakhstan. The Consortium purchased special collars allowing for satellite monitoring of saigas migration to help to know and protect these animals from poachers.

The new issue includes a number of Thanks To CPC articles about local charity projects from the standpoint of people for whom the Consortium pursues its social programs.

 CPC employees tell about innovative workflows and share their life principles and hobby hacks on the pages of the magazine. These warm stories about CPC employees help us to know better colleagues and keep a friendly atmosphere at work.

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%.