On 16 January
2024, in Astana, CPC General Director Nikolay Gorban answered questions from
Kazakhstani and international media correspondents.The conversation with the
journalists covered the Company's 2023 operation performance and 2024 prospects
and other tasks related to the Consortium’s current business.At the
beginning of the meeting, Nikolay Gorban pointed out that 2023 had become a
record year in terms of oil transportation volumes in the Company’s history -
63.5 mln. tons of oil, 56 mln. tons of which had come from Kazakhstani
Shippers.
The
Consortium’s important achievements last year include the following: 12 mln.
man-hours without any incidents and 28 mln. km of the total motor vehicle
mileage without serious MVAs in CPC-R. These indicators in CPC-K exceeded 1.7
mln. hours and 3.4 mln. km, respectively.
The year was
characterized by a high concentration of construction and installation works at
the majority of facilities with the implementation of the Debottlenecking
Program (DBNP). In 2023, the DBNP was mostly completed, this year the work to
construct new external power supply facilities and install variable frequency
drive equipment is in progress as part of the Program to improve reliability
and cost-efficiency of the entire Tengiz - Novorossiysk Pipeline System.
The upgrade
and improvement of CPC Pipeline System are ongoing. About 400 km of the line
pipe of the trunk crude pipeline are planned to be replaced in the next few
years. CPC already proceeded to replacement of the first 27 km of the line pipe
in December 2023. In 2026, CPC plans to start replacement of the two Single
Point Moorings that have been in operation since 2001.
In 2023, CPC
consolidated revenue amounted to 2.3 billion USD. This indicator is 460 mln.
USD, or almost 210 billion tenge for CPC-K. CPC-K net profit is 77 billion
tenge. Tax payments for the year amounted to about 80 billion tenge.
According to
the 2024 forecast, CPC consolidated revenue will grow to 2.5 billion USD. Then,
the forecast CPC-K consolidated revenue will amount to 236 billion tenge, net
profit - to 92 billion tenge, tax payments - to 48 billion tenge.
In 2023, 1.34
billion USD were paid to CPC Shareholders as dividends. Among other things, the
Consortium paid interim dividends to CPC-K Shareholders in the Republic of
Kazakhstan for the first time - 93.5 mln. UDS.
Translation: https://www.youtube.com/watch?v=gy3RWXljSuo
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%.