Press release April 16, 2009
CPC-R and CPC-K Board meetings and a CPC Extraordinary Shareholder Meeting were held in Moscow on 14-15 April.
The Board meetings discussed preparations for forthcoming CPC annual general shareholder meetings planned to be held in May. The Board members pre-approved the two companies’ 2008 annual reporting.
Shareholder representatives also reviewed various financial & business matters, organizational and technical issues related to Expansion project implementation.
CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company - 7%) – 31%; Republic of Kazakhstan (KazMunaiGaz) – 19%, 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. - 2%, Kazakhstan Pipeline Ventures LLC – 1.75% и Oryx Caspian Pipeline LLC – 1.75%.