CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Management’s Meeting with Eastern Region Team

On 25 April 2023, General Director Nikolay Gorban met with the Consortium’s Eastern Region team in CPC Office in Atyrau.

General Director introduced Alexey Dmitryukov, new General Manager, Operations, to CPC-K colleagues. Operation plans for the current year were discussed, including the work scheduled under the Debottlenecking Program (DBNP) implementation.

In the course of the meeting, the labor protection and social guarantees to the Company’s employees were discussed. The Consortium’s Head pointed out that the appeals received from the team did not go unheeded and were considered in strict accordance with the Labor Code of the Republic of Kazakhstan and international practice. Initiatives referring to additional changes in the social package are submitted to the Consortium’s Shareholders for their review.

Proposals on possible additional tools and forms of strengthening the social dialogue between the East Region team and the Company's governing bodies were also considered.

In addition, General Director informed the attendees of the annual 7% salary indexation for CPC-K employees effective April 2023 and of the appeal to the Consortium’s Shareholders for an additional increase of the salary for the operations staff by 15%, for engineers and technicians by 12% and for CPC-K managers by 10%.

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%.​