CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

RK Prime Minister held a meeting with CPC General Director

16022022.jpgOn 16 February 2023, Alikhan Smailov, Premier Minister of the Republic of Kazakhstan, and CPC General Director Nikolay Gorban held a meeting in Astana.

Meeting participants discussed stable operation and further development of Caspian Pipeline Consortium.

CPC General Director informed the Prime Minister about operational performance of the company in 2022, current activities and the plans for the forthcoming future.

Alikhan Smailov stressed that CPC plays an important role in Kazakhstan’s oil industry, so that its stable functioning is within the focus of attention for the Government.

“Last year saw limitations in CPC activities related to damage to single point moorings at the Marine Terminal. The repair is over, and all the limitations have been lifted. Meanwhile, it is important to take all the possible actions to prevent from such situations happening in the future”, Alikhan Smailov said.

A significant issue, according to the Government head, is increase of the crude pipeline throughput capacity to ensure that greater oil volumes are moved from Kazakhstan.

Nikolay Gorban noted that CPC takes all the required actions to ensure stable functioning of the oil pipeline and to raise reliability of the equipment used. In addition, successful implementation of the Debottlenecking Program allowed to increase pipeline throughput to approx. 72.5 Million tons per annum from Kazakhstan in 2022.

As a follow-up to the meeting, Alikhan Smailov stressed that RK Government is prepared to study all the current issues.

For information:

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) 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%.​