NUR-SULTAN. . Made available by U.S. Department of Energy Office of Scientific and Technical Information . Chevron is still determining the second-quarter impact of storm damage to the Caspian Pipeline Consortium (CPC), the line to move crude from Kazakhstan to Russia's Black . N.V. - 2% Oryx Caspian Pipeline LLC - 1.75% BG Overseas Holdings Ltd. - 2% The total dividends paid for Q4 2020 and Q1 2021 amounted to $665 mln. ATYRAU, Kazakhstan - The Caspian Pipeline Consortium (CPC) has completed the pipeline capacity expansion project in the territory of Kazakhstan. CPC Oil Producers Eye New Transit Routes via Russia's Transneft. The Caspian Pipeline Consortium has been established for the construction of the pipeline and export of the Kazakhstani oil in transit through the territory of Russia. The CPC runs across west Kazakhstan and Russia to a dedicated marine terminal at South Ozereika, near Novorossiisk on the Black Sea. MOSCOW (Reuters) — Kazakh oil producers, which export crude via the Caspian pipeline consortium (CPC), are seeking to divert flows to Russia's Transneft from May in an attempt to minimize losses as CPC Blend margins and demand fall, five market sources said. By Tsvetana Paraskova for . The capacity of the 1,500 km pipeline, which carries crude oil from western Kazakhstan to a terminal in the Black Sea, will increase to 1.4 MMbbl/d of oil from its current capacity of 730,000 bbl/d. In 2009, Caspian Pipeline Consortium (CPC) shareholders shipped about 34.6 million tons of CPC Blend oil via the South Ozereyka-2 terminal compared to over 31.5 million tons in 2008. KAZINFORM - A solemn meeting of the members of the Caspian Pipeline Consortium to mark 25 years since the signing of the shareholder agreement kicked off under the chairmanship of . 3 days ago. The Caspian Pipeline Consortium was initially registered in the Bermuda Islands in 1992. Russia is a big shareholder in the CPC pipeline, alongside Kazakhstan and US oil major Chevron. 1).Pipeline infrastructure is equipped with powerful pump stations, lines, and structures of technological communication, telecommunications and automatics, fire . The Caspian Pipeline Consortium is the largest international oil transportation project with the participation of Russia, Kazakhstan and world leading producer companies, which was established for construction and operation of the trunk oil pipeline which is more than 1,500 km long. Uniper owns 83.7% in Russian utility Unipro (UPRO.MM). On March 1-2, 2022, a meeting of the Caspian Pipeline Consortium-Rs Board of Directors and an extraordinary general meeting of shareholders of Caspian Pipeline Consor Full text available to premium Capacity of Tengiz - Novorossiysk oil pipeline to increase to 80 million tons per year by 2023 - Kazakhstan and Russia Oil and Gas News The shareholders of the consortium are: Transneft - 31% KMG International (a subsidiary of Samruk-Kazyna) - 19% Chevron Caspian Pipeline Consortium Co. - 15% LukArco B.V. (a subsidiary of Lukoil) - 12.5% Mobil Caspian Pipeline Co. - 7.5% Rosneft - Shell Caspian Ventures Ltd. (joint venture of Rosneft and Royal Dutch Shell) - 7.5% Kazakhstan's Energy Minister Baktykozha Izmukhambetov had said that Kazakhstan wants to buy a stake in the pipeline consortium. The CPC shareholders include: the Russian Federation (represented by Transneft - 24% and CPC Company - 7%) holding 31% of shares; the Republic of Kazakhstan (represented by KazMunayGas - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%) - 20.75%; Chevron Caspian Pipeline Consortium Company - 15%; LUKARCO B.V. - 12.5%; Mobil . On 22 November 2000, Chevron announced that the Caspian Pipeline Consortium (CPC) had completed the laying of a new crude pipeline in Russia. SOFIA, Bulgaria (AP) -- An international consortium developing a major natural gas field in the Caspian Sea has agreed in principle to acquire 50 percent of the company operating the Nabucco pipeline, a major project to bring gas to Europe. The index was . Odessa-Brody Oil Pipeline. Odessa-Brody Oil Pipeline, also known as Sarmatia Pipeline, is an operating crude oil pipeline between the Ukrainian cities Odessa at the Black Sea and Brody near the Ukrainian-Polish border. (CPC), in which Russian shareholders have a controlling interest--that carried 693,000 bpd of oil in 2009 from Kazakhstan to Russia's Black Sea port of Novorossiysk. June 10 On June 10, 2021, Caspian Pipeline Consortium paid out the first ever tranche of dividends to its shareholders for Q4 2020 and Q1 2021. Shareholders of the Caspian Pipeline Consortium (CPC) are going to increase its capacity up to 80 million tons of crude oil per year. Consortium. TengizChevrOil intends to export more of the Tengiz field's additional capacity via the Caspian Pipeline Consortium pipeline running the 1,500km from Tengiz to the Russian Black Sea port of Novorossiysk (thus solving the export problem from the remote Tengiz field). A storm in Russia's section of the Black Sea has damaged loading equipment of Caspian Pipeline Consortium (CPC), one of the world's biggest oil pipelines shipping crude from Kazakhstan to global . More than 87% of the oil transported comes from fields in Kazakhstan. The expansion plans. The pipeline's capacity is 67 million tons of oil per year. The 1,580km pipeline connects the Tengiz oil field in western Kazakhstan with the Black Sea port of Novorossiysk. It is split into two companies: CPC-R operates the Russian section of the pipeline and CPC-K operates the Kazakh section. thediplomat.com CPC guarantees efficient and environmentally safe movement of crude oil. Nabucco (gazësjellës) Each of the shareholders holds 16.67% of the shares. Caspian Pipeline Consortium, the operator of a key oil export pipeline from Kazakhstan to the Russian Black Sea port of Novorossiysk, has warned about a major disruptions to oil shipments in March . CPC shareholders are Russia - 24 percent, KazMunaiGas JSC . The consortium had planned to expand the pipeline's capacity to just under 1 million bpd from the current 640 000 bpd as early as the middle of 2013. As of 2009, the CPC pipeline is the only oil export pipeline in Russian territory not wholly owned by Transneft. In the long term, Kazakhstan may become a supplier providing natural gas from the Northern Caspian reserves through the planned Trans-Caspian Gas Pipeline. Debt redemption schedules and interest remain the key stumbling block for Russia and Western majors to clear the expansion of the CPC oil pipeline from Kazakhstan to Russia, a consortium member . SAN RAMON, Calif., Dec 15, 2010 (BUSINESS WIRE) -- Chevron Corporation (NYSE:CVX) today announced that the shareholders and governing bodies of the Caspian Pipeline Consortium (CPC) have unanimously approved the $5.4 billion expansion of the Caspian pipeline. The 1,580km pipeline connects the Tengiz oil field in western Kazakhstan with the Black Sea port of Novorossiysk. Caspian Pipeline Consortium listed as CPC. Finally, 1% of CPC terminal shares is owned by Oryx Caspian Pipeline. Most of the shareholders of the Chevron-led <CVX.N> pipeline, which runs to the major Russian Black Sea port of Novorossiisk, have agreed on the expansion terms demanded by Russia, which owns 24 percent in the consortium as a host state. With sanctions looming, producers, shareholders, and traders linked to the Caspian Pipeline Consortium (CPC) that pumps oil from Kazakhstan to global customers in the West became wary of a. Uniper and its controlling shareholder Fortum (FORTUM.HE) together own 12 power plants in Russia and employ 7,000 people there. The pipeline was the largest international oil transportation project in the world, at 1,510 km (940 . Caspian Pipeline Consortium | PENETRON Total Concrete Protection Description Construction of the Caspian Pipeline Consortium (CPC) began in 1992 by the Russian, Kazakhstani and Omani governments (and a number of private shareholders) to develop and build an oil pipeline from Kazakhstan to export routes in the Black Sea. Russia's Energy Ministry has rejected a plan to expand the capacity of a Chevron-led oil pipeline from Kazakhstan to the Black Sea, Kommersant daily reported on Monday, Nov. 13. Nabucco (gazësjellës) The pipeline runs for 935 miles (1,505 km), exporting crude oil from the Tengiz Field to the Black Sea port of Novorossiysk. Shareholders 24% Russian Federation 19% JSC NC "KazMunayGas" 15% Chevron Caspian Pipeline Consortium Company Corporate Management On 28 June 2021 Caspian Pipeline Consortium paid the second 4Q2020 dividends tranche to the Shareholders of the Company. CPC - Caspian Pipeline Consortium. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. The project was announced by the President of Kazakhstan Kassym-Jomart Tokayev, who took part in the official event commemorating the company's 25th anniversary. It is Caspian Pipeline Consortium. The Caspian Pipeline Consortium (CPC) transported Kazakh oil in the Black Sea via the Russian port of Novorossiysk. THE Caspian Pipeline Consortium's shareholders have agreed to boost the annual capacity from 28 to 67 million tons, and to increase the pumping tariff from $27 to $29.5/ton, according to Kazakhstan's Energy and Minerals Minister Vladimir Shkolnik, speaking after a conference of shareholders. The CPC pipeline system mainly collects crude oil from large oil fields of West Kazakhstan, as well as crude oil from Russian producers. The Caspian Pipeline Consortium is a consortium and a pipeline to transport Caspian oil from Tengiz field to the Novorossiysk-2 Marine Terminal on Russia's Black Sea coast. January 20 CPC-R Leads the Rating of Russia's Cargo Terminals At Year-End 2020. By Nargiz Sadikhova - Trend: Caspian Pipeline Consortium (CPC) paid out $329 million to its shareholders in 1Q2020 as debt repayment, Trend reports with reference to the . The length of the pipeline is 1.5 thousand kilometers. The Caspian Pipeline Consortium was initially registered in the Bermuda Islands in 1992. To the Shareholders of Caspian Pipeline Consortium-K JSC . The last of the Kazakhstan-based oil pumping stations of the Caspian Pipeline Consortium (CPC) was put in to operation with a great pomp last week in the Isatai region of Atyrau Province (western Kazakhstan). It is also a major export route for oil from the Kashagan and Karachaganak fields. More than two thirds of Kazakhstan's total export oil is transported via the CPC pipeline. consortium after another member, Gulf Arab state Oman, said it was also looking to sell its stake. . The paper said shareholders in the Caspian Pipeline Consortium (CPC) had proposed adding $2.5 to the current pipeline transit fee of $27.38 per ton of oil to get Russia's agreement on a long-awaited expansion of . NUR-SULTAN - Kazakh President Kassym-Jomart Tokayev took part in a ceremonial meeting dedicated to the 25th anniversary of Caspian Pipeline Consortium (CPC) on Nov.16, reported Akorda. The Caspian Pipeline Consortium is the main export route for Kazakh oil, with more than 80 percent of the volume being pumped through the pipeline. CPC's top three shareholders are Russia with 31 percent, Kazakhstan with a 20.75-percent interest, and Chevron Caspian Pipeline Consortium Company with 15 percent. When discovered, it was the second largest oil field . BAKU, Azerbaijan, May 21. The other shareholders are Chevron with 15 per cent, Exxon with 7 per cent and a joint venture between Russian state. 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