CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Kazakhstan Minister of Energy and CPC Head Had a Business Meeting

20230424.jpgOn 24 April 2023, a business meeting was held in Astana between Almasadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan, and CPC General Director Nikolay Gorban. It was the first meeting of the Head of Kazakhstan energy industry appointed on 4 April 2023, with the Head of the international company. 

The parties discussed the results of completed and planned work under the Debottlenecking Program (DBNP) to accept additional crude volumes from Shippers into the Tengiz-Novorossiysk pipeline system this year and in the next several years. The DBNP main task has currently been accomplished - CPC pipeline system mechanical throughput capacity has reached 72.5 mln tons from Kazakhstan and up to 81.5 mln tons in transit through the RF.

The Company’s Head informed the Minister of the progress of the routine maintenance and major overhaul program at the site facilities and on the line section of CPC crude pipeline. In addition, Nikolay Gorban informed the Minister of the successful hose replacement on SPM 2 at the Consortium’s Marine Terminal near Novorossiysk which is close to completion.

In the course of the meeting, the topic of improving the industrial and environmental safety and occupational health at the international oil transportation Company’s facilities in Atyrau Oblast of the Republic of Kazakhstan was also reviewed.

Subsequently, the parties exchanged opinions on a wide range of issues relating to the status and prospects for the development of the oil transportation industry in Russia and Kazakhstan, the Consortium’s role in it and preliminary results of CPC performance in the first quarter of 2023. It was noted that in the next several weeks the eight-thousandth tanker since the commencement of the pipeline system operation would be loaded at the Company’s Marine Terminal.

For information:

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%.