ASTANA, Kazakhstan, January 16. The consolidated revenue of the Caspian Pipeline Consortium (CPC) amounted to $2.3 billion in 2023, said CPC General Director Nikolay Gorban, Trend reports.
As he noted, for KTK-K JSC this figure amounted to $460 million. The net profit of CPC-K JSC is 77 billion tenge (about $170 million). Tax payments for the year amounted to about 80 billion tenge (about $176 million).
According to the forecast for 2024, CPC's consolidated revenue will increase to $2.5 billion. The projected consolidated revenue of CPC-K JSC will be 236 billion tenge (about $511 million), net profit - 92 billion tenge (about $203 million), tax deductions - 48 billion tenge (about $106 million).
In addition, in 2023, CPC shareholders received $1.34 billion in dividends. As well as, for the first time, the Consortium paid interim dividends separately to the shareholders of CPC-K JSC in Kazakhstan - $93.5 million.
The CPC pipeline system is one of the largest investment projects in the energy sector with the participation of foreign capital in the CIS. It is unique in its own way, especially in the current political and economic situation in the region and the world. The length of the Tengiz – Novorossiysk oil pipeline is 1,511 km. More than two-thirds of all Kazakh oil exports, as well as raw materials from Russian fields, including those located in the Caspian Sea, are transported along this route.
CPC shareholders include Federal Agency for State Property Management represented by Transneft PJSC (trust management) - 24 percent, CPC Company - 7 percent, KazMunayGas - 19 percent, Kazakhstan Pipeline Ventures LLC - 1.75 percent, Chevron Caspian Pipeline Consortium Company – 15 percent, LUKARCOB.V. – 12.5 percent, Mobil Caspian Pipeline Company – 7.5 percent, Rosneft-Shell Caspian Ventures Limited – 7.5 percent, BG Overseas Holdings Limited – 2 percent, Eni International N.A. N.V. S.ar.l. – 2 percent and Oryx Caspian Pipeline LLC – 1.75 percent.
