CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2023: Business Meeting of CPC and Novorossiysk Municipality Administration Heads

On June 4, 2023, at the XXVI St. Petersburg International Economic Forum (SPIEF-2023), a business meeting was held between CPC General Director Nikolay Gorban and Andrey Kravchenko, Head of Novorossiysk Municipality.

The parties discussed the recent simultaneous opening of three medical institutions as part of CPC charity aid. On June 7, 2023, a general practitioner’s office (GPO) in Yuzhnaya Ozereevka and two paramedic-midwife stations (PMS) in Vasilievka and Severnaya Ozereevka villages were put into operation. CPC allocated 100 million rubles towards engineering, construction and equipment of the facilities. Comfortable medical stations furnished with necessary equipment became an important contribution to increasing the availability of quality medical care not only for local residents, but also for visiting vacationers. Municipality Head passed on thanks from local residents.

Environmental protection, results of the recent round table with local residents and environmental activists, possible, innovations and legislative initiatives, further steps to expand the partnership between the Consortium and the city-hero also became the topics of the conversation.

As a reminder: In 2022, CPC-R General Director Nikolay Gorban and Novorossiysk Head Andrey Kravchenko signed a Cooperation Agreement. In accordance with the Agreement, CPC continued its support to the socially significant areas of the city life: health care, education, culture, children’s sports and targeted aid to the most vulnerable population.20230614kra2.jpg

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%.​