A Meeting of
CPC-R Board of Directors and an Extraordinary General Meeting of CPC-K
Shareholders were conducted in Dubai (UAE) on 27-28 November 2023.
The event was
opened with a report by CPC General Director Nikolay Gorban. He informed the
attendees of the Consortium’s business status, including HSE aspects.
The
Consortium’s important achievements in the first ten months of the current year
include the following: 12.5 million accident-free man-hours worked and 25.8
million kilometers of total vehicle mileage without serious MVAs.
The YTD crude
pipeline operating readiness is almost 97%. Almost 30 thousand maintenance
operations were completed on the mechanical process equipment at Pump Stations
and line pipe during that period.
The results
of unscheduled field inspections of CPC Facilities by representatives of
Rostekhnadzor, Rostransnadzor and Safety Committee of the Ministry of
Emergencies of the Republic of Kazakhstan were also discussed.
The current
crude volumes transported by CPC System significantly exceed the last year
indicators. Thus, as of 24 November 2023, almost 57.5 m tons of oil were lifted
for export, while on the same date last year, just slightly above 51 m tons had
been loaded. 527 tankers were processed at the Marine Terminal this year, which
is 66 units higher than the last year indicator.
The
Shareholders reviewed the progress of work to complete the Debottlenecking
Program (DBNP), which had already brought the throughput capacity of
Tengiz-Novorossiysk Crude Pipeline to 72.5 m tons transported through
Kazakhstan territory and to 83 m tons per year transported through the
territory of the Russian Federation. As part of the DBNP, the old booster pump
house at Tengiz PS and old mainline pump house at Astrakhan PS are being
currently dismantled.
In the course
of the meetings, it was also noted that preparation to implement the project to
reconstruct several sections of the Tengiz-Novorossiysk crude pipeline was in
progress. Contractors are preparing to mobilization in December, also, pipe
products are to be delivered before the end of 2023.
CPC corporate
governance bodies also reviewed the 2023 Budget performance and approved the
2024 Budget.
In addition,
the participants of CPC corporate governance bodies meetings listened to and
discussed updates on the Reliability Steering Committee and the
Tengiz–Novorossiysk Crude Pipeline line bearing capacity.
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%, IC CPC
Company LLC – 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%.