CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2021: CPC and 1C Company Discussed the Prospects for Cooperation

20210604-1.jpgOn June 3, 2001, a meeting was held between the top managers of Caspian Pipeline Consortium and representatives of the 1C headquarters. The negotiations took place as part of the St. Petersburg International Economic Forum (SPIEF-2021) at the exhibition stand of this Russian IT company.

From CPC the meeting was attended by Nikolay Gorban, CPC General Director, Vladimir Shmakov, General Manager, Field Operations, Igor Lisin, Technical Director, and Alexei Khodakov, Chief Accountant.

1C Company was represented by Valeria Shleenkova, Director of Corporate Projects, and Andrei Pirozhnik, Key Account Manager.

The parties discussed the issues and prospects of integrated implementation of 1C products in CPC-R (Russia) and CPC-K (Kazakhstan) including regional subdivisions. The most important activities of the crude oil transportation company, such as operations, engineering, financial and accounting operations, both as per national standards and IFRS, were reviewed.

1C Company specializes in development, optimization and implementation of standard and industry-specific software, training of IC product users in automation of management accounting, business accounting and improvement of corporate business process.

For information:

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%.