CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meeting of KMG and CPC CEOs

On May 25, 2022, a meeting between Magzum Mirzagaliyev, Chairman of the Board of the National Company KazMunayGas, and Nikolai Gorban, CPC General Director, was held in the capital of Kazakhstan, Nur-Sultan. The relevant issues of Kazakhstani oil transportation via the Tengiz-Novorossiysk pipeline system were discussed. The importance of continuous operation of all facilities of the oil pipeline, which pumps about 80% of the Republic's hydrocarbons, was noted.

The National Company «KazMunaiGaz» is one of the major CPC Shareholders. It represents a 19% share of the Republic of Kazakhstan in the CPC project. KazMunaiGas produces 28% of the total oil and gas condensate in Kazakhstan and 16% of natural gas and APG, provides for 65% of oil pipeline transportation and 77% of tanker transportation from the port of Aktau, as well as 95% of natural gas transportation via trunk gas pipelines; processes 82% of Kazakhstani oil and holds a 17% share of the petroleum products retail market. KazMunaiGaz headcount amounts to 90 thousand employees.

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%.