CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Rosatom and CPC Sign Cooperation Agreement

116A3562.JPGOn June 16, 2022 Rosatom State Nuclear Energy Corporation and CPC-R signed a cooperation agreement. At the 25th St. Petersburg International Economic Forum (SPIEF-2022), the document was signed by CEO’s of the companies – Alexey Likhachev and Nikolay Gorban.

The parties plan to develop cooperation in such areas as energy supply for offshore and pipeline facilities, as well as to engage in manufacturing the affected equipment in country at ROSATOM facilities. The parties of the agreement agreed to develop environmentally friendly technologies, introduce Russian-made digital and platform solutions.

"We see the signed agreement as a basis for the beginning of cooperation in a number of promising areas. This cooperation will help us continue to improve the company's performance and take environmental safety of the consortium facilities to a whole new level", said Nikolay Gorban, CPC-R General Director at the signing ceremony.

"ROSATOM's enterprises have all the necessary competencies and experience to implement projects for the oil and gas industry. The signed agreement marks the beginning of a long-term cooperation to develop the parties’ business”, emphasized Alexey Likhachev, Rosatom General Director.

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Rosatom State Corporation comprises over 400 enterprises and is one of the world leaders in the nuclear energy industry. Rosatom is the world's second-largest company in terms of uranium reserves, the fifth-largest uranium producer and the world's fourth-largest producer of nuclear energy. It controls 40% of the world market of uranium enrichment services and 16.3% of the nuclear fuel market.

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’s) 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%.​