financetom
Business
financetom
/
Business
/
Black Sea CPC Blend oil exports to fall 9% in August
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Black Sea CPC Blend oil exports to fall 9% in August
Jul 23, 2024 4:28 AM

MOSCOW, July 23 (Reuters) - Black Sea CPC Blend oil

exports via the Caspian Pipeline Consortium (CPC) pipeline

system are set to fall to about 4.9 million metric tons in

August from the 5.4 million planned for July, two sources

familiar with the plan said on Tuesday.

On a daily basis CPC Blend oil exports will decline by 9.3%

in August from July plan, Reuters calculations showed.

Chevron ( CVX )-led Tengizchevroil plans maintenance on its giant

Tengiz oil field next month, which will lead to lower output and

a drop in supplies to the CPC system.

TCO is the largest oil exporter via the CPC pipeline system.

CPC does not comment on export plans via its system.

Chevron ( CVX ) holds a 50% stake in TCO, Exxon Mobil ( XOM ) owns

25%, Kazakh state firm Kazmunaigas holds 20% and 5%

belongs to Russia's Lukoil.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Advanced Micro Devices to Get Revenue Boost From Humain Deal Starting H2, Wedbush Says
Advanced Micro Devices to Get Revenue Boost From Humain Deal Starting H2, Wedbush Says
Jun 13, 2025
09:15 AM EDT, 06/13/2025 (MT Newswires) -- Advanced Micro Devices ( AMD ) is likely to see AI-related revenue from startup Humain sooner than expected as Humain targets to deploy 50 MW of AI compute capacity by end-2025 and up to 2 GW by 2030, Wedbush said in a note Friday. The brokerage firm said Humain would become a key...
US Securities and Exchange Commission names new division chiefs
US Securities and Exchange Commission names new division chiefs
Jun 13, 2025
NEW YORK/WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday named new directors to two key units, as Chairman Paul Atkins begins to tap new staff for the top U.S. markets regulator. The SEC named Jamie Selway to lead the agency's Trading and Markets division, effective June 17, and Brian Daly, a lawyer from Akin Gump Strauss Hauer &...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Safety Shot Receives Shareholder Approval for Yerbae Brands' Proposed Acquisition
Safety Shot Receives Shareholder Approval for Yerbae Brands' Proposed Acquisition
Jun 13, 2025
09:21 AM EDT, 06/13/2025 (MT Newswires) -- Safety Shot ( SHOT ) said Friday that the majority of its stockholders have approved the company's proposed takeover of Yerbae Brands, a plant-based functional beverage company. The company said it plans to complete the merger next week, with the combined entity continuing to operate under the Safety Shot ( SHOT ) name....
Copyright 2023-2026 - www.financetom.com All Rights Reserved