CTC shareholders elected a new Board of the Russian Mission

Shareholders of the Caspian Pipeline Consortium (CPC) elected a new Board of Directors “CTC-R” (the Russian party to the consortium) in quantities of 22 people.The report does not provide us the list of new Board of Directors. According to a source in the RBC AK Transneft (shareholder of the project), the new Board of the CPC-R included: Head of Rosimuschestva Vladimir Grishchenko, Head of Oil and Gas Ministry of Energy of the Russian Federation Vitaly Karaganov, director general of the CTC, Vladimir Razduhov, deputy vice-president of “Transneft” Alexander Tarakanov and Anatoly Demin, as well as representatives of Transneft Sergey Khodyrev and Vitaly Kisenko, Chevron vice president for Europe and Asia and the Middle East, Ian Macdonald, vice-president Andrew Makgran Chevron and a company representative Denise Feyi, deputy chairman of the board of directors LUKARCO Osman Sapaev and a representative of the JV Babalov Armen, the head of a business unit of BP in Russia and Central Asia, Jonathan Popper, manager of joint projects in the Caspian region and Russia ExxonMobil Teri Day and manager of transportation in the Caspian region, Paul Tobin, vice president of NK “Rosneft” Dmitriy Bogdanov, a representative of Rosneft-Shell Caspian Ventures Limited Julian Sette, a representative of BG Wayne Louis. From Kazakhstan to the Board of Directors of the CTC-R entered Daniyar Berlibaev, Timur Rahanov, Ardak Kasymbek and Nurlan Kusaev.Predsedatel of the board at this meeting is izbran.RF in November 2008. acquired from the state of Oman 7% stake in CTC by increasing the percentage of participation in the project to 31%. Remember, 17 December 2008. all shareholders of the CTC, except Lukarco BV (because of the position of BP) signed a memorandum on expanding the capacity of the pipeline to 68 million tons of oil in god.KTK owns the only private pipeline on the territory of the former USSR, which connects the Kazakh Tengiz field to the export terminal near the port of Novorossiysk on the Black Sea. The total length of the pipeline system - 1.58 sq. km. At present, the share of CTC shareholders are as follows: Russia (represented by AK Transneft) - 31%, Kazakhstan - 19%. Among private oil companies - participants in the consortium - Chevron Caspian Pipeline Consortium Company (15%), Lukarco BV (12,5%), Rosneft-Shell Caspian Ventures Limited (7,5%), Mobil Caspian Pipeline Company (7,5%), Agip International (NA) NV (2%), BG Overseas Holding Limited (2%), Kazakstan Pipeline Ventures LLC (1,75%) and Oryx Caspian Pipeline LLC (1,75%).