CPC suspends oil loadings from two Black Sea mooring points - sources (updated)

BCM Resources

20/08/2022 14:49

(Adds detail)
    MOSCOW, Aug 20 (Reuters) - Caspian Pipeline Consortium (CPC)
has suspended oil loadings from two of three single mooring
points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for
inspections, two sources familiar with the loadings told
Reuters.
    "CPC suspended loadings from SPM-2 since Aug. 17 due to
inspection and SPM-1 has been offline since earlier this month
due to the same reason," one of the sources, who declined to be
named as he is not authorised to speak to the press, told
Reuters. He said loadings were continuing from SPM-3.
    CPC loadings haven't been affected much so far due to lower
than expected supply via CPC amid maintenance on two major
Kazakh oil fields, Tengiz and Kashagan, the sources
said. urn:newsml:reuters.com:*:nL1N2YM1AN  urn:newsml:reuters.com:*:nL1N2ZT10W
    A CPC representative was not available for comment.
    CPC said early in August that supplies via its system were
significantly down due to maintenance on Kashagan and Tengiz,
without providing figures.  urn:newsml:reuters.com:*:nS8N2YB0BL
    CPC has repeatedly suspended loadings from its SPMs this
year due to maintenance works and inspections.  urn:newsml:reuters.com:*:nL2N2WI0DB
 urn:newsml:reuters.com:*:nL2N2VV0SO
    CPC Blend crude oil exports were set at 5.026 million tonnes
for August.  urn:newsml:reuters.com:*:nL8N2ZF6WT
    The main CPC shareholders are Russian oil pipeline monopoly
Transneft with 24%, Kazakhstan's KazMunayGas (19%), Chevron
Caspian Pipeline Consortium Company (15%) LUKARCO B.V (12.5%),
Mobil Caspian Pipeline Company (7.5%) CPC Company (7%) and
Rosneft-Shell Caspian Ventures Limited (7.5%).

 (Reporting by Reuters; Editing by David Clarke)