CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Payments in 2022

20220202.jpgFinancial indicators allow Caspian Pipeline Consortium to remain consistently one of the major taxpayers in the regions where its facilities are located.

In 2022, CPC tax payments amounted to 23.5 billion rubles. The federal budget received seven billion rubles of this amount. Over 2.2 billion rubles were transferred to Moscow budget. In Krasnodar Krai, the payments amounted to 7.5 billion rubles, in Astrakhan Oblast - 2.7 billion rubles, in the Republic of Kalmykia - 2.3 billion rubles and in Stavropol Krai - 1.8 billion rubles.

In Kazakhstan in 2022, CPC-K payed 37.5 billion tenge, or almost 82 million US dollars, as taxes.

Also, in 2022, CPC consistently continued to pay dividends to the Shareholders. In particular, CPC-R Shareholders, including the Russian Federation, received in total 66 billion rubles by four tranches. The latest tranche was paid on 27 December 2022.

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%.

​​ ​