The 22nd
Session of the Governing Board with the Meeting authorities of the
International Association of Oil Transporters (IAOT) was held in Almaty
(Republic of Kazakhstan) on 20 June 2024. CPC General Director Nikolay Gorban
participated in the function. As a reminder: at the previous, 21st IAOT session
held in April 2024 in Serbia, CPC became the full member of the organization.The 2023
financial and audit reports, the progress of this year budget performance and
the performance results of standing expert groups (SEG) were discussed at the
22nd IAOT Governing Board Session. In particular, the Association members
approved creation of a new SEG - an expert group on risk management.
The IAOT was
established in 2013 as an international non-profit, non-governmental
organization. The IAOT’s key tasks include comprehensive assistance in
supporting continuous deliveries of oil and petroleum products to the world
energy markets and in developing interrelationship among the Association
participants at a national, regional and international level.
There are
four standing expert groups (SEG) within the IAOT: Standing expert group on
energy efficiency; Standing expert group on legal matters; Standing expert
group on deliveries and Standing expert group "Efficient, Reliable and
Safe Operation of Trunk Pipeline Systems".
For eight
years CPC-R was a member of this organization in the status of an observer. The
Consortium’s representatives participated in the sessions of the Association
Governing Board and Standing expert group (SEG) on energy efficiency. In
January 2024, CPC-R Shareholders approved a corporate resolution to increase
the Company's level of participation in the IAOT.
https://www.iaot.eu/
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%.