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CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meeting held in Rosprirodnadzor

On 25 January 2022, a working meeting was held by the management of the Federal Service for Nature Management Supervision (Rosprirodnadzor) and Caspian Pipeline Consortium-R on the subject of an objective estimation of the volume of crude oil spilled into a Black Sea offshore area as a result of the loss of integrity of an expansion joint on a CPC single point mooring (SPM) on 7 August 2021.

During the meeting, CPC experts presented materials and provided clarifications of specific features of the SPM design and crude oil loading arrangements at the CPC Marine Terminal. In addition, the parties discussed methodologies used to calculate damages.

An agreement was reached that further consultations would be held and that CPC would promptly provide corresponding proposals. The dialog during the working meeting was constructive in nature.

For information:

The CPC Pipeline System is one of CIS largest energy investment projects that involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route moves over two thirds of all Kazakhstan export oil along with crude from Russian fields including those in the Caspian region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM), allowing tankers to be loaded safely at significant distance offshore, including in poor weather conditions

CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan Pipeline Ventures LLC – 1.75%, 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%, and Oryx Caspian Pipeline LLC – 1.75%.