On December 11, 2024 in Atyrau, CPC-K Management signed a Collective employment agreement with Company employees for 2025-2027. The signing ceremony was attended by Nikolay Gorban, CPC-K JSC General Director, Kairgeldy Kabyldin, CPC-K JSC Deputy General Director, RoK Government Relations, and CPC-K JSC employees.
The Agreement was drafted based on the ‘Industry Agreement on Social Partnership in the oil and gas, oil refining and petrochemical industries in the Republic of Kazakhstan in 2023-2025’. The Collective Agreement was passed for the first time in the CPC track record. The goal of the Agreement is to build favorable conditions for the company operations, ensure continuity and efficiency of operations, and improve the quality of life for the personnel.
The Agreement was developed with consideration of the Company's optimized social package. The above effort was in progress throughout 2024 and required input from the management, relevant departments and a team of elected CPC-K personnel. Specifically, the optimization led to an increase of one-off annual vacation payment and increase of the bonus on the occasion of the RoK Oil and Gas Industry Workers day. The amount of fitness costs to be compensated to employees was also increased, along with the allowance for the employees’ children New Year gifts. The amount of pre-school tuition costs reimbursement was also identified. The package stipulates a sponsorship program to cover a part of scholarship costs for company employees’ children in secondary and higher educational institutions. CPC employees having at least a 7-year employment record with the company and entitled to a retirement pension at the time of employment termination, will be annually receiving an allowance on the occasion of the RoK Oil and Gas Industry Workers day.
The Collective Agreement between CPC-K JSC management and employees is signed for three years and becomes effective starting January, 2025.
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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%.