On 4 December 2024, in Caspian Pipeline Consortium’s Moscow Office, contractual documents were signed between CPC-R and Transneft - Service in the course of a business meeting of Nikolay Gorban, Company General Director, with Roman Fedotov, General Director of Transneft - Service.
The parties signed documents on cooperation in the area of operation and maintenance (O&M) of Single Point Moorings (SPM) of CPC Marine Terminal. The scope of O&M services rendered by Transneft - Service provides for maintaining the Single Point Moorings (SPM) and other auxiliary equipment in working order to ensure safe and continuous oil transportation, mooring and control of cargo operations when loading tankers at the SPM. In addition, the agreement provides for assuring fire safety of marine facilities, emergency response in accordance with Oil Spill Response Plan (OSRP), services of professional emergency rescue unit (PERU) and services for maintenance of hydro engineering facilities of the Marine Terminal Single Point Mooring.
The Agreement between CPC-R and Transneft - Service executed for 10 years was approved by all Consortium Shareholders in accordance with the corporate procedures.
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CPC Pipeline System is one of the major projects 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.
CPC Shareholders: Russian Federation – 24 %, IC CPC Company (LLC) – 7%, NC KazMunayGas JSC – 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%.