Following the
report of Almasadam Satkaliev, the Minister of Energy, at the Republic of Kazakhstan Government meeting,
number of media and Telegram channels in the Republic of Kazakhstan stated that
the decline in oil production in the Republic for 11 months of 2024, among
other things, was affected by “CPC shutdowns for planned preventive
maintenance”.
We would like
to inform that there were no restrictions in CPC operation in 2024, which could
contribute to the reduction of the volumes of the transported shippers’ oil,
and there were no abnormal shutdowns of transportation.
All crude oil
volumes delivered by the shippers to the Tengiz - Novorossiysk System in 2024
were transported to the CPC Marine Terminal and loaded to the tankers in full.
Planned
preventive maintenance deadlines are advised by the Caspian Pipeline Consortium
to the shippers in RK well in advance and taken into account by the Republic of
Kazakhstan Ministry of Energy for preparing the yearly schedule of oil
transportation via the Tengiz - Novorossiysk crude oil pipeline. Thus, the
planned work of all participants in the process of oil production and
transportation through the CPC pipeline is ensured.
In addition,
during meetings of the governing bodies, CPC shareholders have repeatedly
discussed the issues of shippers' fulfillment of their commitments on oil
delivery volumes as a factor affecting CPC financial performance.
We kindly
request the media to take into account the above comments in their
publications.
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 (OOO) – 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%.