CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

CPC and Khalyk Bank Working Meeting

20220310-2.jpgA working meeting between Caspian Pipeline Consortium Management and Khalyk Bank Management was held on 10 March 2022 in Nur-Sultan.

The meeting participants discussed a wide range of current economic issues, touched upon the topic of interaction between operation companies and lending institutions in the current market conditions, and discussed specific programs of interaction.

Khalyk Bank of Kazakhstan" is a systemically important universal commercial bank of the country. It is part of the Halyk Group, which carries out banking, insurance, brokerage and leasing activities in Kazakhstan, Kyrgyzstan, Russia, Georgia, Tajikistan and Uzbekistan.

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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%.