On 2 July 2024 in Elista, Caspian Pipeline Consortium handed over transport and equipment to the budget institutions of Kalmykia. The ceremony was attended by the CPC General Director Nikolai Gorban and the Head of Kalmykia Batu Khasikov.
Another major contribution of the Consortium to the development of the children/youth sports was procurement of a bus for the Uralan Olympic Reserve Republican Sports School. A comfortable 53-seat bus for interurban travel will deliver the trainees to sports competitions without the need of renting transport. Young sportsmen make more than 150 trips per year to take part in the competitions organized by the Southern and North Caucasus Federal Districts.
The staff of the “Black Lands” State Reserve, within the framework of the CPC annual project “Let’s Save Our Environment”, received power equipment, overalls and special footgear for inspectors. Another part of this environmental/educational project was procurement of water treatment systems for 20 educational institutions in the Elista City, Iki-Burulsky and Chernozemelsky Districts of the Republic.
All in all, the equipment worth more than RUR 19 million was handed over on this day.
The interaction between CPC and the Republic of Kalmykia authorities is accomplished under a five-year Cooperation Agreement signed in April of 2022. The document covers all socially important areas of the Republic’s life – healthcare, education, culture, children’s sports, and provides for a targeted aid to the most vulnerable groups of population. Special attention is paid to the treatment of tap water up to potable quality in the children’s educational institutions. Just in 2023, CPC allocated about RUR 130 million for implementation of charity projects in the Republic.
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The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions
CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company – 15%, Lukoil International GmbH - 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. - 2%, and Oryx Caspian Pipeline LLC – 1.75%.