Chairman of the Board, ENI
Piazzale Enrico Mattei
1 00144 Rome, Italy
June 2, 2022
Dear Ms. Calvosa:
We are writing to you to express our concern about ENI’s ongoing participation in the CPC pipeline company, in which the company holds a 2% share. The CPC pipeline exports Kazakhstani oil from Karachaganak, Kashagan, and Tengiz via Russia to the Novorossiysk Terminal. ENI has significant investments in Karachaganak and Kashagan, and this product is transported via CPC. However, the pipeline also exports Russian crude, which accounts for approximately 13% of oil transport via CPC.
Russia’s invasion of Ukraine has incurred the outrage of the world, and spurred sanctions against Russian corporations, including Lukoil, Rosneft, and Transneft, which are shareholders in the CPC. ENI’s continued engagement with these companies appears to be at odds with your announcement, published in March of this year, that the company ceased oil purchases from Russia.
According to media reports and the CPC website, the company plans to boost exports by 2.9% in 2022. It stands to reason that ENI and the other shareholders will benefit financially from this boost, as Russia continues to mix its oil into the pipeline.
We urge you to immediately stop allowing the transport of Russian oil through the CPC pipeline and find other routes for Kazakhstani oil to reach market. Continuing to do business in Russia is funding Putin’s war machine and costing Ukrainian lives.
We look forward to your response, which you can send to Crude Accountability, P.O. Box 423, Linden, VA 22642, USA and email@example.com.
Executive Director, Crude Accountability
Kaisha Atakhanova, Rakhimbek Altynbekovich Abdrakhmanov
Kazakhstan School of Applied Politics and Economic Research
Socio-Ecological Fund of Kazakhstan
Just Journalism, Kazakhstan