CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meetings of CPC Corporate Governance Bodies

Meetings of CPC-R Board of Directors and an Extraordinary General Meeting of CPC-K Shareholders were conducted in Dubai (UAE) on 26-27 November 2024.

In the course of the function, General Director Nikolay Gorban reported to the Shareholders on the Consortium’s business status including health, safety and environmental protection matters.

Year-to-date through 31 October CPC transported over 53 million tons of crude oil for export, the volumes being loaded on 492 tankers, two vessels more than last year.

11.2 million accident-free man-hours worked and 24 million kilometers of total vehicle mileage without serious MVAs are the Consortium’s important achievements as of September 2024.

The YTD crude pipeline operating readiness is almost 98%. More than 26 thousand maintenance operations were completed on the mechanical process equipment at Pump Stations and line pipe during that period.

CPC Shareholder Representative reviewed the Long-Term Investment Projects implementation matters and the end of service life of the gas turbine units used at the Consortium’s Pump Stations and associated potential risks to the target pumping level.

The Shareholder audit conducted this autumn and recommendations to improve various lines of the Company’s business were reviewed at the meeting.

In addition, the participants of CPC corporate governance bodies meetings listened to and discussed updates on the Reliability Steering Committee and the Tengiz – Novorossiysk Crude Pipeline line bearing capacity.

For information:

CPC Pipeline System is one of the major projects 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.

CPC Shareholders: Russian Federation – 24 %, IC CPC Company (LLC) – 7%, NC KazMunayGas JSC – 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 Holdings Limited– 2%, Eni International N.A. N.V. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.