CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Minister of Energy of the Republic of Kazakhstan Had a Meeting with CPC General Director

Bolat Akchulakov, Minister of Energy of the Republic of Kazakhstan, had a meeting with CPC General Director Nikolay Gorban on 25 May 2022 in Nur-Sultan. Among the topics of conversation were the results of the Consortium's activities in 2021 and plans for the current year, as well as current issues of international cooperation in the transportation of energy resources.

Nikolay Gorban informed of the completed repairs on SPM-3 and SPM-3 damaged by storms at CPC Marine Terminal near Novorossiysk. All operations on SPM-2 were completed successfully. All three Single Point Moorings of the Consortium are currently in routine operation mode. The conversation participants paid attention to the situation with supplies of spares and equipment of foreign manufacturing and replenishment of emergency stock in the warehouses and current CPC litigation processes.

CPC General Director spoke about Rosprirodnadzor’s unscheduled inspection conducted during the period of 19.04.2022 to 13.05.2022 at 14 CPC facilities in Krasnodar Krai, Astrakhan Oblast, Republic of Kalmykia and Stavropol Krai. The Consortium is currently expecting an official act with findings from the Agency.

The parties discussed the implementation of the Debottlenecking Program (DBN) started by the Consortium in 2019. The DBN will help to optimize the transportation process and receive additional capacities to pump oil from the fields. In Kazakhstan, the important stages of the said work included the upgrade of the pumps and all support systems at Tengiz PS. After completion of the Program work, CPC will be capable of transporting up to 72.5 mln tons of oil per year from Kazakhstan with optimized use of drag reducing agents and up to 83 mln tons of oil per year with Russian Shippers’ crude.

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%.