Shareholders of the Caspian Pipeline Consortium (CPC) approved the fare increase on the Tengiz-Atyrau to U.S. $ 2.89 / t.According to the press service of AK Transneft (project member), this decision was taken at past meetings of the Board of Directors of ZAO KTK-R (Russian entity CTC) and the general meeting of shareholders of AB “KTK-K” (Mission Kazakhstan), RIA “Novosti”. Plot-Atyrau connects the Tengiz field in Kazakhstan Tengiz oil station (NPS) Atyrau near the Caspian Sea. Under this section of the transported oil produced at the Tengiz consortium “Tengizchevroil”, consisting of ChevronTexaco Overseas, ExxonMobil, “KazMunaiGaz and LUKArco. Then, through the NPS “Atyrau” in the CTC gets raw materials other shippers. Recall, at the same meetings, shareholders of CTC have agreed on 17 December 2008. sign a memorandum on expanding pipeline capacity to 67 million tonnes In addition, they had been approved budget for 2009., which laid the necessary financing of the expansion, as well as a number of decisions necessary to maintain an effective and safe operation of the pipeline, approved the conclusion of societies Major outsourcing contracts, elected a new board of directors consisting of 16 people. The expansion of the CTC an increase capacity from 32 to 67 million tonnes Feasibility Study (FS) will enhance Last update by the end of 2009., Preliminary project cost of the new price is 3.5 billion U.S. CTC 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 thousand km. Currently stakes of shareholders CTC allocated as follows: Russia (in the person of AK “Transneft”) – 31% (including Oman recently sold 7 per cent), 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%). KazTransOil JSC has put in operation at its oil station “Atyrau” facilities for transshipment into the CTC hydrocarbons moving now on pipelines Uzen-Atyrau, Kenkiyak-Atyrau, Martyshi-Atyrau and by rail. By the way, thanks to this in 2006. the volume of transshipment of oil in the pipeline CTC via KazTransOil was 4.4 million tons
