On 2 August 2017, Nikolay Gorban, CPC General Director, and Dennis Fahy, Operations Consultant, had a working meeting with KazTransOil representatives in the CPC Eastern Region office in Atyrau. The KazTransOil delegation was led by Alexey Pirogov, First Deputy General Director, and Sabit Arynov, Western Branch Director. The parties discussed a broad range of mutual cooperation issues including key interaction areas for the two companies after the completion of the CPC Expansion project. The CPC and KTO managers confirmed their willingness to continue a mutually-beneficial cooperation.
The two companies have been cooperating effectively since CPC started operating in 2001. Thus, to provide shippers with access to the CPC pipeline, KTO commissioned some additional facilities at its Atyrau pump station now used to transship hydrocarbons coming in via the Uzen-Atyrau, Kenkiyak-Atyrau and Martyshi-Atyrau pipelines as well as a railway into the CPC system.
About CPC:
CPC pipeline system is one of the largest investment projects in the energy industry with participation of foreign capital in the CIS. The length of the pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal near Novorossiysk is 1,511 km. CPC Marine Terminal is equipped with single point moorings which allow for safe tanker loading at a considerable distance from the shore, also when the weather conditions are unfavorable.
CPC Shareholders: Russian Federation (represented by Transneft – 24% of and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGaz – 19% of and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; 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% of and Oryx Caspian Pipeline LLC – 1.75%.