On 16 June
2023, at the XXVI St.-Petersburg International Economic Forum (SPIEF-2023),
Almasadam Satkaliyev, Minister of Energy, Industry and Trade of Kazakhstan, had
a meeting with CPC General Director Nikolay Gorban.The
Consortium’s Head informed the Minister of CPC performance results in 2023 and
on the Company’s near-term operation plans. The Debottlenecking Program (DBNP)
will be fully completed before the end of the year; it has already brought the
throughput capacity of Tengiz-Novorossiysk pipeline system to 82 million tons
of crude oil.
Year-to-date,
the Consortium has transported 29.5 mln tons, loading them on 272 tankers, and
the total for the year, as per the forecast, is expected at approximately 60-61
mln tons. Last year, CPC lifted 58.7 mln tons of crude oil for export.
Speaking
about the prospects for the next three to four years, Nikolay Gorban emphasized
that large-scale work was ahead to replace almost 400 kilometers of the line
section of CPC crude pipeline. This will significantly increase the reliability
and industrial safety of the international oil transportation Company's facilities.
In the course
of the conversation, it was noted that CPC was an important component of the
world energy security. The Consortium delivers about 80% of Kazakhstan’s export
oil volumes to the world markets, being the safest, most logistically sound,
and cost-effective route.
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%.