CPC Shareholders passed the Expansion Project

CPC Shareholders passed the Expansion Project

The Shareholders passed the Resolutions for further progress of the Project in accordance with its Implementation Schedule approved in December 2009 which included a set of 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%.