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%.