On 9 December 2020, Nikolay Gorban, the general director of Caspian Pipeline Consortium, met with Nurlan Nogayev, the energy minister of the Republic of Kazakhstan, during a working visit to Nur-Sultan. At the meeting, they discussed oil transport industry operational matters, including the company’s preliminary annual results.
The Consortium’s head advised the minister than the Debottlenecking Program (DBN) was being executed strictly according to plan, in spite of the coronavirus pandemic and associated lockdown measures.
“We have completed the full DBN design scope and received state permits for facility upgrades in Kazakhstan and Russia. The main scope is expected to be completed within two years and the pipeline’s throughput capacity will reach about 80 million tons of oil per annum in 2023“, stated Nikolay Gorban.
Caspian Pipeline Consortium is the main oil transport route for Kazakhstan. The system pumps two thirds of the country’s export oil annually.
“2020 has been a challenge for the entire oil industry of this country and the world. But, owing to joint efforts, the market supply and demand balance is being gradually restored. I’m sure that the CPC oil pipeline capacity increase equals both new jobs and additional tax revenues to the state and regional budgets”, said Nurlan Nogayev, wishing every success to the Consortium’s entire team
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The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km; this route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in 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 PJSC 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%.