Caspian Pipeline Consortium raises oil exports by 2.6% in Jan-Aug

BCM Resources

13/09/2024 10:17

MOSCOW, Sept 13 (Reuters) - The Caspian Pipeline
Consortium (CPC), which exports Kazakhstan's oil via the Black
Sea, increased oil exports by 2.6% in January-August from the
same period in 2023 to 43.8 million metric tons, the consortium
said on Friday.
    The consortium has said it expects its 2024 oil exports to
fall 7% short of a preliminary target owing to lower loadings
from a key field.
    The main CPC shareholders are Russian oil pipeline monopoly
Transneft  TRNF_p.MM  (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  XOM.N  (7.5%), CPC Company (7%) and Rosneft-Shell
Caspian Ventures Limited  ROSN.MM   SHEL.L  (7.5%).

 (Reporting by Vladimir Soldatkin and Mariya Gordeyeva; Editing
by Mark Potter)
 ((vladimir.soldatkin@thomsonreuters.com; twitter:
@vsoldatkin;))