Meeting of the CPC Corporate Governance Bodies Convened in Astana on May 25-26, 2026.
At the meeting, General Director N. Gorban delivered a report on the Company’s business status and performance in occupational health, safety and environmental protection. In Q1 2026, there were 3.3 million man-hours worked without injuries and incidents, including hours worked by contractors, and motor vehicles ran almost 7 million km without MVAs.
January through May 24, 2026, 25.95 million tons of oil were lifted into 206 tankers at the CPC Marine Terminal. In 2026, the Marine Terminal lifting schedule downtime due to weather conditions reached 680 hours, on top of that, lifting was suspended for a significant amount of time due to ‘Attention All’ alarms signaling various threats.
Reports on the implementation of the CPC HSE Strategic Plan were delivered to the meeting attendees. The Plan had been drafted with consideration of the experience of CPC, its Shareholder companies and the global oil industry players, as well as independent reviews.
The attendees discussed work under the upgrade programs scheduled for 2026, and the progress of replacement of the single point mooring in Novorossiysk. Reports on delivery status of the CPC Pipeline System Reliability Improvement program were also presented. An important focus of the meetings was to review the Consortium's long-term development strategy.
Shareholder representatives reviewed and approved the CPC-R and CPC-K Annual financial statements for 2025 and profit distribution, and elected the members of the Boards of Directors.
For information:
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 (OOO) – 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%.