CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2021: CPC - MCB Business Meeting

20210602-2.jpgOn June 2, 2021, Nikolay Gorban, CPC General Director, met with at the St. Petersburg International Economic Forum with Nikolai Katorzhnov, First Deputy Chairman of the MCB Board. Aleksey Khodakov, CPC Chief Accountant, also took part in the negotiations.

The parties discussed a wide range of current economic matters, raised the issues of interaction between industrial companies and credit organizations, and the specifics of attracting external financing for large-scale infrastructure projects and their payback periods.

Public Joint Stock Company "Moscow Credit Bank" is a Russian commercial bank operating in 19 regions of the Central and Northwestern Federal Okrugs. The bank's primary focus is on corporate and retail lending.

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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), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions

CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, 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%.