Caspian Pipeline Consortium oil exports up 7% y/y in Jan, sources say

BCM Resources

13/02/2024 11:25

MOSCOW, Feb 13 (Reuters) - The Caspian Pipeline
Consortium (CPC) increased crude oil exports by 7% in January
from the same month a year ago to 6.116 million metric tons
(1.55 million barrels per day), industry sources told Reuters on
Tuesday.
    CPC declined to comment.
    CPC, which transports Kazakh oil via a Black Sea terminal,
lifted oil exports last year by 8% to 63.474 million tons. It
plans to raise shipments to more than 70 million tons this year.
    The consortium handles more than 80% of oil exported from
Kazakhstan.
    The main CPC shareholders are Russian oil pipeline monopoly
Transneft  TRNF_p.MM  with 24%, Kazakhstan's KazMunayGas
 KMGZ.KZ  (19%), Chevron Caspian Pipeline Consortium Company
 CVX.N  (15%), LUKARCO B.V  LKOH.MM  (12.5%), Mobil Caspian
Pipeline Company (7.5%), CPC Company (7%) and Rosneft-Shell
Caspian Ventures Limited  ROSN.MM   SHEL.L  (7.5%).

 (Reporting by Reuters
Editing by Mark Potter)