CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Facilities in Krasnodar Krai Operate Routinely After the Earthquake

According to the information from Krasnodar Krai EMERCOM of Russia dated 24 January 2024, Krasnodar Municipality, Goryachiy Klyuch and Seversky District in Krasnodar Krai felt tremors from the seismic event.

At 02:19 p.m. On 24 January 2024, the seismic station in Obninsk registered a seismic event (located 28 km to the south-west of Krasnodar, 11 km to the north-west of Iljsky settlement)​ with a magnitude of 4.4 on the Richter scale and an intensity of 4 points at a depth of 10 km in Krasnodar Krai.

Five facilities of Caspian Pipeline Consortium are located in Krasnodar Krai: Kropotkin PS, PS-7, PS-8, Tank Farm and Marine Terminal. As a note: PS-7 Pump Station is located 30 km from Krasnodar Municipality.

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According to the results of preliminary inspection, no damages were detected on the pipeline line pipe and oil transportation facilities, and there were no casualties. The facilities operate in a routine mode, there is no threat to community and environment.

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%.​

 
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