The Russian Culture Ministry awarded the Art Patron of the Year to Caspian Pipeline Consortium on 15 November 2018. The award was received on behalf of CPC by Nikolay Gorban, CPC General Director.
The prize is evidence that CPC’s achievements are recognized and its efforts to preserve and develop Russia’s cultural assets and support outstanding cultural projects and achievements are appreciated by the government. It is noteworthy that culture has been one CPC charity’s key priorities for years in Russian regions hosting its facility sites.
It is the fifth award ceremony. This year it was attended by Olga Golodets, Russian Government Deputy Prime Minister, Vladimir Medinskiy, Russian Culture Minister, and other leading state and public figures. Receiving the award, Nikolay Gorban stressed that he interpreted it as high appraisal of efforts made by the entire CPC team and its shareholders.
The award ceremony was part of the 7th St. Petersburg International Cultural Forum. Since it was established in 2012, the forum gained recognition as a world-level cultural event. It is traditionally attended by thousands of culture experts from all over the world: theater, opera and ballet stars, distinguished film directors and musicians, public figures, public authority, business representatives, and academic community representatives.
The forum is organized by the Russian Government, the Russian Culture Ministry and the St. Petersburg government.
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CPC Pipeline System is one of the major investment projects in energy sector with participation of foreign capital in the CIS. The length of the Tengiz–Novorossiysk pipeline is 1,511 km; it transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including the Caspian Region. 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%.