Chairman of KazMunayGas Management Board and President of Transneft Discuss Oil Transportation Cooperation
On 30 June 2022, Magzum Mirzagaliyev, Chairman of JSC NC “KazMunayGas” (KMG) Management Board, held a meeting with Nikolai Tokarev, President of Transneft PJSC, in Moscow.
The parties discussed the relevant issues regarding Caspian Pipeline Consortium’s (CPC) operations on Kazakh oil transportation. The critical role of the CPC project for the strategic partnership between Kazakhstan and Russia was emphasised. Mr. Mirzagaliyev noted that Transneft was KMG’s long-term and reliable partner in Kazakh oil transportation and transit.
The meeting was specifically focused on the current situation at CPC’s offshore terminal due to the mine clearing operations performed on extremely dangerous objects near SPM-1 and SPM-2 single point moorings.
The Russian Ministry of Emergency Situations has been performing additional inspection and disposal of potentially dangerous underwater objects in the offshore area near SPM-1 and SPM-2 since 15 June of this year. SPM-3 operates normally. The mine clearing operations were initially scheduled to be completed before 25 June. However, due to adverse weather conditions, the operations were extended to 5 July of this year.
During the meeting, the parties were informed that the mine clearing operations near SPM-2 were close to completion, and the oil pipeline would operate using two SPMs starting from 1 July. The additional inspection and mine clearing operations in the offshore area near SPM-1 are scheduled to be completed before 5 July 2022.
The Heads of KMG and Transneft noted that in these conditions CPC ensured uninterrupted export of Kazakh oil according to the consignors’ schedules.
After discussing the progress of the mine clearing operations near SPM-1 and SPM-2, Mr. Mirzagaliyev and Mr. Tokarev expressed their hope that the operations would be completed according to the schedule and reinforced the significance of stable operation of all three single point moorings (SPM-1, 2, 3).
The Heads of KMG and Transneft emphasised their satisfaction with the evolving relations between the companies in all areas of joint operations and stated that the cooperation between the parties was progressing in the spirit of mutual understanding and partnership.
CPC JSC’s Shareholders: Russian Federation (Transneft PJSC) — 31%, JSC NC “KazMunayGas” — 20.75%, Chevron — 15%, Lukoil — 12.5%, ExxonMobil — 7.5%, Rosneft Shell — 7.5%, Shell — 3.75%, ENI — 2%.