CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC Joined IAOT Membership

2.jpgOn 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.20240403_104407.jpg

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.


For information:20240403_122104.jpg

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%.