Caspian Pipeline Consortium shareholders ready to support repair work, which will take about two months
MOSCOW. Feb 26 (Interfax) - Shareholders of the Caspian Pipeline Consortium (CPC) are ready to support repairs to the system that was damaged as a result of a UAV attack as quickly as possible.
The CPC press office said that at a CPC shareholders meeting in Abu Dhabi on February 25-26, representatives of the Russian shareholder, Transneft , expressed serious concern over the terrorist act and said such attacks on CPC facilities protected by international law were unacceptable.
CPC General Director Nikolai Gorban reported on the damages to the pump station, current condition of the equipment, status of work to dismantle the damaged equipment and mobilization of contractors. "The consortium's shareholders expressed readiness to support on any matters related to repairs that would, as expected, take about two months," the press office said.
A number of drones filled with explosives and metal pellets attacked the CPC's Kropotkin pumping station on February 17. Equipment was damaged - some of it was supplied by Siemens, which is difficult to replace due to sanctions.
Transneft said that Kazakh oil pumping through the CPC system might be reduced by approximately 30% because of the pumping station repairs, and it would take up to two months to fix the damage. There are no restrictions on the flow of Kazakh oil into the CPC system, the Kazakh Energy Ministry said on February 18. Tengizchevroil, operator of the Tengiz field, said it continues uninterrupted supply of oil through the CPC.
The 1,511 km CPC pipeline connects oil fields in western Kazakhstan and Russian fields on the Caspian shelf with the marine terminal in Novorossiysk. The system is the main export route for Kazakh oil, accounting for more than 80% of Kazakhstan's volumes pumped through the pipeline. Currently, CPC is capable of transporting approximately 72.5 million tonnes of oil per year from Kazakhstan's territory and up to 83 million tonnes via Russia. The CPC exported 63.01 million tonnes of oil, 55 million tonnes of it from Kazakhstan, in 2024.
CPC's shareholders are the Russian Federation with 31%, with Transneft managing 24% and 7% on the balance sheet; KazMunayGas with 19%; Kazakhstan Pipeline Ventures LLC with 1.75%; Chevron Caspian Pipeline Consortium Company with 15%; Lukoil International GmbH with 12.5%; Mobil Caspian Pipeline Company with 7.5%; Rosneft-Shell Caspian Ventures Limited with 7.5%; BG Overseas Holding Limited at 2%; Eni International N.A. N.V. S.ar.l. with 2%; and Oryx Caspian Pipeline LLC with 1.75%.