CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC-R Board of Directors Meeting and CPC-K Extraordinary Shareholders Meeting

Meeting of Caspian Pipeline Consortium-R Board of Directors and Extraordinary Meeting of Caspian Pipeline Consortium-K Shareholders and were held in Moscow today, November 30, 2018.
Nikolay Gorban, CPC General Director, reported on operations of the Consortium, including HSE aspects. Shareholders reviewed oil transport-related issues, financials and lessons learnt in implementation of the CPC Expansion Project.
From the beginning of the year to mid-September the Consortium, including its contractors, worked 11,495,123 hours without LTIs. CPC vehicles MVA-free mileage was 24,067,979 km for the same period.
Oil liftings at the CPC Marine Terminal for the period of January - November 15, 2018 reached 52.5 MMT, which is 4.9 MMT more Y-o-Y. 479 tankers were loaded, which is 26 tankers more Y-o-Y.
 
For reference:
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%.