CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

Meetings of CPC Corporate Governance Bodies

A Meeting of CPC-R Board of Directors and an Extraordinary General Meeting of CPC-K Shareholders were conducted in Dubai (UAE) on 27-28 November 2023.

The event was opened with a report by CPC General Director Nikolay Gorban. He informed the attendees of the Consortium’s business status, including HSE aspects.

The Consortium’s important achievements in the first ten months of the current year include the following: 12.5 million accident-free man-hours worked and 25.8 million kilometers of total vehicle mileage without serious MVAs.

The YTD crude pipeline operating readiness is almost 97%. Almost 30 thousand maintenance operations were completed on the mechanical process equipment at Pump Stations and line pipe during that period. 

The results of unscheduled field inspections of CPC Facilities by representatives of Rostekhnadzor, Rostransnadzor and Safety Committee of the Ministry of Emergencies of the Republic of Kazakhstan were also discussed.

The current crude volumes transported by CPC System significantly exceed the last year indicators. Thus, as of 24 November 2023, almost 57.5 m tons of oil were lifted for export, while on the same date last year, just slightly above 51 m tons had been loaded. 527 tankers were processed at the Marine Terminal this year, which is 66 units higher than the last year indicator.

The Shareholders reviewed the progress of work to complete the Debottlenecking Program (DBNP), which had already brought the throughput capacity of Tengiz-Novorossiysk Crude Pipeline to 72.5 m tons transported through Kazakhstan territory and to 83 m tons per year transported through the territory of the Russian Federation. As part of the DBNP, the old booster pump house at Tengiz PS and old mainline pump house at Astrakhan PS are being currently dismantled.

In the course of the meetings, it was also noted that preparation to implement the project to reconstruct several sections of the Tengiz-Novorossiysk crude pipeline was in progress. Contractors are preparing to mobilization in December, also, pipe products are to be delivered before the end of 2023. 

CPC corporate governance bodies also reviewed the 2023 Budget performance and approved the 2024 Budget.

In addition, the participants of CPC corporate governance bodies meetings listened to and discussed updates on the Reliability Steering Committee and the Tengiz–Novorossiysk Crude Pipeline line bearing capacity.

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%, IC CPC Company LLC – 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%.​