On April 4, 2018, CPC General Director Nikolay Gorban was on a working visit to the Republic of Kazakhstan where he had a meeting with Dimash Dosanov, KazTransOil General Director, and Nurtas Shmanov, NK KazMunaiGaz Senior Vice President, Oil Transportation. The meeting was also attended by Dennis Fahy, First Deputy CPC General Director, and Kairgeldy Kabyldin, Deputy CPC General Director, Government Relations, Republic of Kazakhstan.
The parties discussed a wide range of matters related to their prospective cooperation and liaison development in various areas, including KTO’s participation in supporting stable operation of Tengiz-Novorossiysk Pipeline in the Republic of Kazakhstan, and also sharing best practices in the sphere of crude oil transportation.
These companies have cooperated efficiently with each other since commencement of the CPC operations in 2001. E.g., to provide for shippers’ access to the CPC pipeline, KazTransOil put into operation additional facilities at its Atyrau Pump Station, which are used to transship to the CPC system the hydrocarbons delivered by Uzen-Atyrau, Kenkiyak-Atyrau and Martyshi-Atyrau pipelines and by the railways.
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.
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%.