CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2021: Heads of CPC and SBERBANK Discussed Cooperation Prospects

On June 16, 2022, as part of the XXV St. Petersburg International Economic Forum (SPIEF-2022), a meeting was held between Nikolai Gorban, General Director of CPC, and Anton Kiryukhin, Managing Director and Head, Transport and Automobile Industry Division, Sberbank's Key Accounts Department.

The parties discussed the ongoing cooperation between CPC-R and Sberbank on the payroll project, their interaction under existing restrictions in the areas of supply chains, implementation of warranty obligations under previously signed contracts with foreign suppliers, including for facilities and equipment already delivered and commissioned.

Sberbank is a strategic partner of CPC, which, in particular, provides settlement and cash services to the Consortium and payroll support for its employees. With its extensive network of branches, the bank fully meets the needs of CPC-R in all regions in Russia, where the Consortium operates.

Previously, CPC and Sberbank-AST signed a cooperation agreement. The document was signed at the St. Petersburg International Economic Forum in 2019.

The electronic trading platform (ETP) is designed for procurement operations to cover state and municipal needs and works in accordance with Federal Law No. 44-FZ of April 05, 2013. The Sberbank-AST platform has procurement sections of the country's leading companies. The ETP provides all opportunities for digitalization, automation and administration of procurement operations and ensures their transparency, reliability and security.

For reference:

CPC Pipeline System is one of the major investment projects with foreign capital in energy sector in the CIS. The length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route transports over two thirds of all Kazakhstan export crude, as well as crude from Russian oil fields, including those in the Caspian Region. CPC Marine Terminal is equipped with three Single Point Moorings (SPM’s) that allow to load tankers safely at a significant distance offshore, also amid poor weather conditions.

CPC Shareholders: Federal Agency for State Property Management represented by Transneft (trust management) – 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. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.​