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CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

On Participation in the International Conference on 30 Years Since the Beginning of Marine Operations in the North Caspian Sea

0109202330.jpgOn 1 September 2023, an International Conference dedicated to 30 years since the beginning of marine operations in the North Caspian Sea was held in Atyrau, Republic of Kazakhstan.  Alikhan Smailov, Prime Minister of Kazakhstan, participated in the event arranged by Kazakhstan Society of Oil Geologists and North Caspian Operating Company.

Veterans of North Caspian Project, representatives of President Administration of the Republic of Kazakhstan, Office of the Government of the Republic of Kazakhstan, heads of Atyrau and Mangistau Oblast akimats, CEO of KazmunayGas, QazaqGaz and other Kazakhstani and foreign companies were invited to the Conference.

Industry managers and specialists and invited guests discussed the achievements in Kashagan field development and challenges facing North Caspian Operating Company and new process solutions used.

CPC General Director Nikolay Gorban made a report on the role and significance of the created transportation infrastructure of the Caspian Pipeline Consortium in development of Caspian fields and Kashagan field in particular. The Company’s Head spoke about the milestones of CPC establishment and development, emphasizing the synchronicity in the development of the CPC project and the Kashagan field production project. “This clearly demonstrates that it was the CPC project that gave a significant impetus to the development of oil production in the Caspian Sea, created a surplus of capacity to receive additional volumes of oil and ensured the most favorable economic conditions for transportation”, - pointed out Nikolay Gorban.01092023301.jpg

The first oil batch from Kashagan entered Tengiz-Novorossiysk pipeline system on 13 October 2016. By today, CPC has already transported almost 90 mln tons. The Consortium expects to transport  from Kashagan field 18 million tons in each of the years - the current year 2023 and the next year - 2024.

“As the international Consortium’s founders aspired, the  Tengiz-Novorossiysk trunk pipeline has been and remains the safest, logistically aligned and cost-efficient route for delivery of Caspian oil to the world markets”, - emphasized Nikolay Gorban.

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%.​