Nikolai Platonov elected General Director of Caspian Pipeline Consortium, Caspian Pipeline Consortium

Release Date: 2010-11-24

At the CPC-R Board of Directors meeting and CPC-K Extraordinary General Shareholders’ meeting held on November 23-24, Nikolai Platonov was elected General Director of both companies. He was nominated by Transneft which represents the interests of the Government Shareholder of Russia. Former CPC General Director, Alexander Tarakanov, has resigned upon the agreement of the parties.
New CPC General Director, Nikolai Platonov, has worked for a long time in the system of Russian foreign economic relations, including the Ministry of Economic Development and Trade of the Russian Federation. An experienced negotiator, he provided legal support for the negotiations on Russia's accession to the World Trade Organization. The significant diplomatic background of Nikolai Platonov includes Trade Representation of the Russian Federation in the United States of America, Permanent Mission of the Russian Federation to the UN Office in Geneva. Prior to his election as CPC General Director, Nikolai Platonov was Deputy Director, Department for External Economic Relations in Transneft.

The CPC Expansion Project providing for the pipeline system capacity increase up to 67 MMTA (without DRA use) includes construction of 10 additional pump stations (2 in the Republic of Kazakhstan and 8 in the Russian Federation), six crude oil storage tanks near Novorossiysk, third single point mooring at the CPC Marine Terminal, as well as replacement of 88 km of pipeline in Kazakhstan. The Project is intended to be mainly funded by the Consortium. The Expansion is scheduled for 2014.

CPC Shareholders: Russian Federation (represented by Transneft – 24% and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunaiGaz – 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%; and Oryx Caspian Pipeline LLC – 1.75%.
Type: NORMAL
Company: Caspian Pipeline Consortium
Country: 俄罗斯
 
This website requires Flash Player 9 or later. If you can not view this site you probably need to update your system with this plug-in for your browser.