News 2011
#1 (67) February 2011CPC
Nikolay Platonov has been elected as a general director of Caspian Pipeline Consortium (CPC), is underlined in the company's message. According to the document, at the session of the board of directors of CJSC CPC-R and at the extraordinary general meeting of shareholders of JSC CPC-K held on November 23-24, Nikolay Platonov has been elected as general director of both societies.
His nominee was put forward by OJSC АК Transneft representing the interests of the Russian state shareholder. CPC's former general director, Alexander Tarakanov, has left his post under the agreement of the parties. Vyacheslav Sergeyev has been approved to the post of a general manager of the CPC expansion project, while Roman Vasiliyev - to the post of CPC's general manager, fields oprations.
Also, the consortium shareholders confirmed capital expenses and operational budgets of both societies for 2011. Besides, a number of documents were signed and necessary measures were arranged directed at approval of the final decision on investments under the CPC expansion project and adoption of the project's budget in December 2010.
The new general director of CPC N. Platonov for a long time has been worked in the system of Russia's foreign economic relations, including the Ministry of Economic Development and Trade of the Russian Federation, and specialises in international law. He provided legal support of negotiations on Russia's joining the World Trade Organization. Prior to his appointment to the post of CPC general director, N. Platonov held the post of the deputy director of foreign economic relations department of OJSC АК Transneft.
The CPC expansion project, envisaging the increase in the capacity of the pipeline system up to 67 million tons of oil a year (with no use of antifrictional additives), assumes the building of ten additional oil pumping stations (two - in the territory of Kazakhstan and eight - in Russia), six oil storage tanks near Novorossiysk and a third portable berthing unit on the CPC sea terminal, as well as the replacement of 88 km of the pipeline in the territory of Kazakhstan. The project is supposed to be financed basically on the account of the consortium's own means. Expansion is planned to complete in 2014.