On 3 April
2024, the 21st extraordinary meeting of the Management Board of the
International Association of Oil Transporters (IAOT) was held in Belgrade
(Republic of Serbia) in a face-to-face format, with the participation of CPC
General Director Nikolay Gorban. In the course of the event, CPC-R JSC was
formally admitted as a full participant in the IAOT.As a
reminder: for eight years, CPC-R has been a member of this organization in the
status of an observer. The Consortium’s representatives participated in the
meetings of the Association Board and Standing expert group (SEG) on energy
efficiency. In January 2024, CPC-R Shareholders approved a corporate resolution
to increase the Company's level of participation in IAOT.
IAOT was
established in 2013 as an international non-profit, non-governmental
organization. The IAOT’s key tasks include comprehensive assistance in
supporting continuous deliveries of oil and petroleum products to the world
energy markets and in developing interrelationship among the Association
participants at a national, regional and international level.
There are
four standing expert groups (SEG) within the IAOT: Standing expert group on
energy efficiency; Standing expert group on legal matters; Standing expert
group on deliveries and Standing expert group "Efficient, Reliable and
Safe Operation of Trunk Pipeline Systems".
Increasing
CPC status in the IAOT from an observer to a member of the Association will
expand working communications, qualitatively improve experience and best practices
sharing, and create ample opportunities for organizing a comprehensive and
fruitful technological dialogue.
https://www.iaot.eu/
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 oil, and 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%.