CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

RoK Minister of Energy Held a Meeting with CPC Head

On 16 January 2024, Almasadam Satkaliyev, Minister of Energy of the Republic of Kazakhstan, held a business meeting with CPC General Director Nikolay Gorban in Astana. In the course of the conversation, the international Consortium’s 2023 operation performance results and plans for the current year were discussed.

The Company’s Head informed the Minister that in the previous year CPC had transported 63.5 mln. tons of oil, or almost 4.8 mln. tons more than the 2022 indicator. 2023 was also the most productive year for the Consortium in terms of shipment volumes in the Company's history.  Kazakhstani Shippers accounted for 56 mln. tons of 63.5 mln. tons.

In 2024, the Consortium plans to pump approximately 70 mln. tons for export. CPC adopted this volume for budgeting purpose based on the Shippers’ nominations.

Implementation of the Debottlenecking Program (DBNP) continues at a high pace. The DBNP milestone stages were completed successfully back in 2022: all facilities at Tengiz PS and Astrakhan PS were constructed and put into operation in full scope. In addition, construction of a new lease automatic custody transfer (LACT) at the Marine Terminal became the Program milestone in 2023.

CPC General Director pointed out that the Consortium’s team makes every effort to ensure that the Tengiz-Novorossiysk Pipeline System continues to be the safest, most logistically sound and cost-efficient route for delivering Caspian oil to world markets.

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%.