CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPIEF-2024: CPC and SOGAZ Heads Discussed Cooperation Prospects

sogas2.jpgA meeting between CPC General Director Nikolay Gorban and Natalya Komarova, SOGAZ Executive Director, Personal Insurance, was held on 5 June 2024 at the St.-Petersburg International Economic Forum (SPIEF-2024). The parties discussed cooperation prospects.
CPC-R and SOGAZ have been interacting since 2008. During this period SOGAZ has established itself as a professional partner with the necessary resources and experience in insurance and risk management.
SOGAZ offers over 100 insurance programs for individuals and enterprises of various business spheres. The Group has a wide regional network, which includes more than 1,000 subdivisions and sales offices across Russia - from Petropavlovsk-Kamchatsky to Kaliningrad. The Group’s companies are members of the leading professional unions and associations and take active part in development of the Russian insurance market.
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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 oil, and 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 – 7%, KazMunayGas – 19%, Kazakhstan Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company – 15%, Lukoil International GmbH - 12.5%, Mobil Caspian Pipeline Company– 7.5%, Rosneft-Shell Caspian Ventures Limited– 7.5%, BG Overseas Holdings Limited– 2%, Eni International N.A. N.V. S.ar.l. – 2% and Oryx Caspian Pipeline LLC – 1.75%.