The Caspian Pipeline Consortium (CPC) is the largest international oil transportation project with the participation of Russia , Kazakhstan , as well as the world's leading extractive companies, created for the construction and operation of a main pipeline with a length of more than 1.5 thousand km.
|Caspian Pipeline Consortium (CPC)|
|Type of||Joint-Stock Company (JSC)|
|Base||July 17, 1992|
|Key figures||General Director - Nikolay Nikolayevich Gorban|
|Industry||Fuel - energy complex|
The system receives oil mainly from vast fields in Western Kazakhstan, as well as raw materials from Russian producers. Oil is transported to the Sea Terminal of the company in the village of Yuzhnaya Ozereevka (west of Novorossiysk ), where it is loaded onto tankers for shipment to world markets.
The general director is Gorban Nikolay Nikolaevich.
July 17, 1992 - the signing of the first framework agreement on the establishment of the CTC between the Republic of Kazakhstan and the Sultanate of Oman . A month later, the Russian Federation joined the participants.
March 24, 1994 - issue of the Resolution of the Government of the Russian Federation “On the construction of the export pipeline system CPC Tengiz - Astrakhan- Novorossiysk”.
December 6, 1996 - making a decision on the restructuring of the Consortium: 50% of KTK shares were transferred to the largest international oil companies under the obligation to fully finance the construction and commissioning of the first stage of the oil pipeline system. The project included 8 private shareholders representing the interests of the world's largest mining companies of seven different countries.
May 12, 1999 - the beginning of the construction of an oil pipeline system near the village of Yuzhnaya Ozereevka.
October 13, 2001 - trial loading of the first tanker at the Sea Terminal near Novorossiysk. The volumes of oil delivered to the CPC pipeline increased annually and by mid-2004 CPC reached the full capacity indicator of the first stage of development - 28.2 million tons.
Since 2005, CPC, using antifriction additives, gradually increased the volume of transportation, which in 2010 reached a value of 35 million tons per year.
December 2009 - approval by shareholders of the CPC capacity expansion project to 67 million tons of oil per year, including a set of organizational, technical, financial and commercial issues. The completion of the third phase of the expansion project is planned for 2017.
As of November 2016, the CPC shipped almost 4,330 tankers through the Sea Terminal in Novorossiysk, with over 460 million tons of oil transported to them.
Since May 2013, the corporate magazine KTK Panorama has been published quarterly.
On 18.04.2018, the launch ceremony of NPS-2, the last oil pumping station under the project, took place in Kalmykia. Thus, the project on capacity expansion from 28.2 million to 67 million tons per year has been completed.
The CPC expansion project consists in increasing the mechanical throughput capacity of the CPC trunk oil pipeline to 67 million tons of oil per year. The implementation of the Expansion Project will bring the company to a new economic level.
The expansion is carried out in three stages and involves the construction of 10 additional oil pumping stations (two in the Republic of Kazakhstan, eight in the Russian Federation), six oil storage tanks near Novorossiysk and a third outboard berthing device at the CPC Marine Terminal, as well as the replacement of 88 kilometers of the pipeline on the territory of Kazakhstan.
Currently, within the framework of the Expansion Project, 6 new oil pumping stations (5 in the Russian Federation, 1 in Kazakhstan), 6 new reservoirs for the storage of RVS-100000 oil have been built and the construction of the third outboard berthing device has been completed.
The cost of expansion, according to the adopted budget of the Project, will be $ 5.4 billion. The main source of funding for the expansion will be CPC's own funds.
The construction of new facilities in the regions where the CPC pipeline passes and an increase in pumping allows a significant increase in the taxable base. More than 3000 temporary and 350 permanent jobs were created. The amount of aid allocated by the KTK to finance social projects and programs in the regions where the pipeline passes, and to support healthcare, education, and other areas is growing.
The overall management of the Expansion Project is carried out by the Consortium itself, however, control over the implementation of specific work is distributed among the subsidiaries of Transneft, KazMunaiGas and Chevron.
Shareholders of the consortium:
- Russian Federation (represented by Transneft, JSC) - 24%;
- The Republic of Kazakhstan (represented by KazMunayGas ) - 19%,
- Chevron Caspian Pipeline Consortium Company - 15%;
- LUKARCO BV - 12.5%;
- Mobil Caspian Pipeline Company - 7.5%;
- Rosneft - Shell Caspian Ventures Limited - 7.5%;
- KTK Company (represented by Transneft, JSC) - 7%;
- BG Overseas Holding Limited - 2%;
- Eni International NANV - 2%;
- , Kazakhstan Pipeline Ventures LLC - 1.75%;
- Oryx Caspian Pipeline LLC - 1.75%.