On December 13, 2018, CPC General Director Nikolay Gorban and AO KazTransOil Board Member Alibi Kultumiyev held a meeting in Atyrau. The parties discussed the matters of interaction between their companies under the KTO agreement on maintenance, repair and emergency response on the CPC-K pipeline facilities in the Republic of Kazakhstan.
We remind you that the agreement on maintenance, repair and emergency response on the CPC-K pipeline facilities in the Republic of Kazakhstan was signed in Astana on May 16, 2018, by CPC General Director Nikolay Gorban and AO KazTransOil General Director (Board Chairman) Dimash Dossanov. The document was executed for five years from 2018 through 2023 with the possibility of further extension.
Within the framework of this project, approx. 250 new jobs were created in Atyrau Oblast with the specialties of linepipe worker, locksmith, mechanic, electrician, etc.
This international consortium and AO KazTransOil have been cooperating efficiently since the beginning of CPC operations in 2001. For example, to provide for shipper access to the CPC pipeline, AO KazTransOil put into operation at its Atyrau PS additional facilities that enabled transshipment to the CPC system of hydrocarbons arriving by the crude pipelines of Uzen-Atyrau, Kenkiyak-Atyrau, Martyshi-Atyrau and by railways.
For reference.
The CPC pipeline system is one of the largest investment projects with foreign capital in the energy sector in the CIS. The length of Tengiz-Novorossiysk pipeline is 1,511 km; more than two thirds of all export crude oil from Kazakhstan and crude oil from the Russian fields, including those in the Caspian Region, are transported by this route. CPC Marine Terminal is equipped with three Single Point Moorings (SPM) that allow to load tankers safely at a significant distance offshore, also in 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%.