On 19 June 2024, a business meeting was held in Astana between Askhat Khasenov, Chairman of the Board, National Company “KazMunayGas” JSC, who entered the office on 28 May 2024, and CPC General Director Nikolay Gorban.
The meeting participants discussed the topical issues of cooperation with the Consortium, including the programs to upgrade and improve reliability of Tengiz - Novorossiysk pipeline system facilities which are being implemented by the Company, and long-term plans of CPC system loading based on the Shippers’ capacities.
Nikolay Gorban noted that as of 13 June, CPC had lifted almost 30 mln tons of oil, which was approximately 800,000 tons more than in the similar period of 2023.
The Company’s Head informed Askhat Khasenov of the implementation of the final work under the Debottlenecking Program (DBNP).
As a reminder: NC KazMunayGas is one of the major CPC Shareholders - the National Company represents the 19% share of the Republic of Kazakhstan in CPC Project. Since 1 July 2018, the Company’s subsidiary - KazTransOil - has been fulfilling the contract for maintenance, repair and emergency response at CPC crude oil pipeline system facilities in the Republic of Kazakhstan.
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 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%.
Photo: NC KazMunayGas Press Service