CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC and Republic of Kalmykia Executed a New Cooperation Agreement

kalm1.jpgOn 19 April 2022, in Komsomolsky settlement in Chernozemelsky District, CPC General Director Nikolay Gorban and Kalmykia Head Batu Khasikov signed a new Cooperation Agreement between the Consortium and the Republic. It replaces a similar document of 2017, the new Agreement validity term is five years. In accordance with the document, CPC will continue to support a number of socially significant spheres of the Republic life - health care, education, culture, children sports and targeted aid to the most vulnerable population.
The Agreement is aimed at further development and enhancement of the efficiency of industrial and transport infrastructure of the Republic of Kalmykia and the Consortium’s facilities, at strengthening of the Republic’s financial and economic situation and improvement of the investment climate in the Region.

kalm2.jpgAs part of the working meeting, a ceremony was also held to hand over the technological equipment to the Center for Culture and Leisure of Chernozemelsky District Municipality. To improve the level of concert and cultural and entertainment programs and to improve the conditions for rehearsal activities, CPC purchased modern stage equipment and machinery, as well as furniture, auditorium seating, lighting and sound amplification equipment.

kalm3.jpgIn addition, Nikolay Gorban and Batu Khasikov presented benefactor's certificates for purchase of F120 Mobil lung ventilator for Perinatal center named after O. Shungaeva. 100 Longfian Jay-10 oxygen concentrators for Chernozemelsky and Iki-Burulsky District hospitals and for the Republican Hospital named after P. Zhemchuyev. Keys to a comfortable FORD TRANSIT bus with seating for 17 passengers were handed over to the Republican Sports School of Olympic Boxing Reserve named after Ts. Balzanov.

The housing and utilities and road services of the Chernozemelsky District Municipality received an excavator loader and three Gazelle Next buses.

The total value of the equipment handed over for the social sphere of the Republic of Kalmykia on 19 April 2022 amounted to 40 million Rubles.

 kalm4.jpgFor 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%.