On 7 June 2022, Magzum Mirzagaliyev, Chairman of the Board of
KazMunayGas National Company, visited administrative office of the Eastern
Region of Caspian Pipeline Consortium located in Atyrau.
During his visit, KazMunayGas Head was acquainted with the
workforce, inspected the premises of the new building, occupied by CPC Eastern
Region office since May 2021. Kairgeldy
Kabyldin, Deputy General Director of CPC for the Republic of Kazakhstan
Government Relation, introduced Magzum Mirzagaliyev to the Company’s day-to-day
operations and spoke about the implementation of CPC-K social projects in
Atyrau Oblast.
KazMunayGas Board Chairman pointed out to the strategic role of
Tengiz-Novorossiysk crude pipeline in the development of the Republic of
Kazakhstan’s economy. KazMunayGas National Company is one of CPC major
Shareholders with a 19% share of the Republic of Kazakhstan.
For information:
KazMunayGas National Company is one of the
largest CPC Shareholders (19% of shares). KazMunaiGas produces 28% of the total
oil and gas condensate in Kazakhstan and 16% of natural gas and APG, provides
for 65% of oil transportation via trunk oil pipelines 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 Kazakhstan oil and holds a 17% share
of the petroleum products retail market. KazMunaiGaz headcount amounts to
approximately 90 thousand employees.
CPC Pipeline System is one of the major investment projects with
foreign capital in energy sector in the CIS. The length of the Tengiz –
Novorossiysk pipeline is 1,511 km. This route transports over two thirds of all
Kazakhstan export crude, as well as crude from Russian oil 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: Federal Agency for State Property Management
represented by Transneft (trust management) – 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. S.ar.l. – 2% and Oryx Caspian
Pipeline LLC – 1.75%.