CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF: CPC Executives had a work meeting with Leaders of Mariy El

On 17 June 2022, at the XXV St. Petersburg International Economic Forum (SPIEF-2022), Nikolay Gorban, General Director of Caspian Pipeline Consortium, held a work meeting with Yuri Zaitsev, Acting Governor of the Republic of Mariy El.

Based on the experience of successful interface between the international consortium and administration of Kalmykia, where Yuri Zaitsev was head of the republican Government till May 2022, the parties discussed cooperation prospects between CPC and industrial enterprises of Mariy El.

The Republic of Mariy El, located within the territory of Privolzhsky Federal District, is a large center of machine-building and instrumentation manufacture, metal working, automation manufacture.

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 (SPMs) 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%.​