Chevron’s work in Russia ranges from exploration and transportation to technology licensing and consumer products.
Chevron is a major investor in the Caspian Pipeline Consortium (CPC). Approximately $2.2 billion of the $2.7 billion CPC Initial Construction Project budget was spent in Russia. Another $5.6 billion is expected to be spent on an expansion project that began construction in 2011.
Through our subsidiary Chevron Neftegaz Inc., Chevron is interested in building a profitable crude oil and natural gas business in Russia and is conducting extensive technical studies to identify opportunities for possible partnership with Russian companies.
Our subsidiary Chevron Oronite has developed relationships with several Russian oil companies that we supply with lubricants additives. We market Chevron® lubricants through a separate distributor network.
Through Chevron Lummus Global LLC, several of Chevron’s industry-leading technologies have been licensed to Russian oil companies.
In addition, Chevron is a committed member of the community in Russia, supporting social programs, education and the arts.
Updated: May 2015