OREANDA-NEWS. On 5-6 November 2014 CPC General Director N.G. Brunich visited Expansion Phase 1 construction sites in Kazakhstan - the Atyrau and Tengiz pump stations. In the course of his inspection he noted significant progress in construction and installation, approved actions of all parties involved in the construction process, and also received an update on the commissioning schedule for the facilities.

As of the beginning of November, the Atyrau pump station was 97.5% mechanically complete and the Tengiz pump station was 85% mechanically complete. Given the current progress rate, a task was set to have the Atyrau pump station mechanically complete in the first ten days followed by the Tengiz pump station in the first ten days of January 2015. Based to the updated schedule, the two stations will be commissioned as early as next February and March respectively.

Following a site walkaround the CPC Management held a working meeting at the office of Kazakhstan Pipeline Ventures (KPV). The meeting was attended by CPC managers, contractors, and CPC Shareholder representatives. The Kazakh party was represented by Deputy Chairman of the KazMunaiGaz management board K.M. Kabyldin. At the meeting a task was set to the KPV PMC to develop detailed construction & installation completion schedules for Tengiz and Atyrau.

Also a need was noted to strictly comply with all safety requirements and standards given the high concentration of equipment and human resources on the construction site.

CPC pipeline system is one of the largest investment projects in the energy industry with participation of foreign capital on the CIS territory. The length of the pipeline connecting the oil fields in Western Kazakhstan with the Marine Terminal near Novorossiysk is 1,511 km. CPC Marine Terminal is equipped with single point moorings which allow for safe tanker lifting at a considerable distance from the shore, also when the weather conditions are unfavorable.

The Expansion Project includes rehabilitation of 5 existing and construction of 10 additional pump stations (2 in the Republic of Kazakhstan and 8 in the Russian Federation), six new storage tanks (100,000 cu.m each) in addition to the existing four near Novorossiysk and a third SPM at the CPC Marine Terminal, and also the replacement of an 88 km pipeline section in Kazakhstan with a larger diameter pipe. The total amount of the Project investments will be USD 5.4 billion.

CPC Shareholders: Russian Federation (represented by Transneft - 24% and CPC Company - 7 %) - 31%; Republic of Kazakhstan (represented by KazMunayGaz - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%) - 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company - 7.5%, Rosneft-Shell Caspian Ventures Limited - 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% и Oryx Caspian Pipeline LLC - 1.75%.​