CPC Shareholders approve the Expansion Project , Caspian Pipeline Consortium

Release Date: 2010-02-11

CPC-R Board of Directors’ and CPC-K Extraordinary Shareholders’ Meetings held in Moscow on February 4 and 11

The аgenda was mostly dedicated to the Expansion Project. The Shareholders approved the Resolutions for further progress of the Project in accordance with its Implementation Schedule approved in December 2009 which included some organizational, engineering, financial and commercial matters.

In addition, the Meeting attendees reviewed various aspects of the routine financial and business activities of the Consortium.

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