of the repairs at Tengiz field in the Republic of Kazakhstan, crude oil from
the field is being received in a reduced mode at the CPC pipeline system head
section (Tengiz PS).
to the suspension of oil production at Kashagan field, the oil volumes received
in CPC pipeline system have been reduced.
factors entailed significant reduction of the total volume of crude pumped
through the Tengiz-Novorossiysk pipeline system.
recovery of the standard pumping volumes will be announced additionally.
Company’s Shareholders and Shippers have been notified of the existing
context and interact on an ongoing basis in respect of the current situation.
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%.