CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF 2022: CPC and KazMunayGas Executives Meet

20220616-3-1.jpgOn June 16, 2022, Nikolay Gorban, CPC General Director, met with Magzum Mirzagaliyev, Chairman of the Board, KazMunayGas at 2022 St. Petersburg International Economic Forum. The parties discussed a wide range of issues related to cooperation in the framework of CPC’s international project, including the progress of the Debottlenecking Program, which will bring the capacity of Tengiz - Novorossiysk pipeline to 80 million tons per annum.

KazMunaiGaz is one of the major Shareholders in CPC – the National Company represents in the CPC Project the Republic of Kazakhstan interest of 19%. On 01 July 2018 KazTransOil, the said Company’s subsidiary, commenced performance under the contract for maintenance, repair and emergency response at the CPC pipeline system facilities in the Republic of Kazakhstan. The Contract between CPC-K and KTO was signed in May 2018 for a five-year term from 2018 to 2023.

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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%.