CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Dividend Payment to CPC Shareholders

In accordance with the Resolutions adopted by the Shareholders in November and December 2023, Caspian Pipeline Consortium paid next tranches of interim dividends.

CPC-R JSC paid 26.050 billion rubles after tax deduction of 2.0 billion rubles.

CPC-K JSC paid 93.5 million USD. At the same time, the Joint Stock Company closed its respective liabilities to the tax authorities of the Republic of Kazakhstan for the total amount of 3.9 billion tenge.

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 PJSC Transneft (trust management) – 24 %, IC CPC Company LLC – 7%, JSC NC 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%.