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Black Sea CPC Blend oil loading plan for February unchanged despite Monday drone attack, sources say
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Black Sea CPC Blend oil loading plan for February unchanged despite Monday drone attack, sources say
Feb 17, 2025 8:39 AM

MOSCOW, Feb 17 (Reuters) - The Black Sea CPC Blend oil

loading plan for February will remain unchanged after a drone

attack on Monday, two sources familiar with the plan told

Reuters.

The drone strike hit a pumping station on an oil pipeline in

Russia, reducing flows from Kazakhstan to world markets pumped

by Western firms including Chevron ( CVX ) and Exxon Mobil ( XOM )

.

On Monday the plan to ship oil via the CPC system remained

stable at around 1.4 million-1.5 million barrels per day, above

5.1 million metric tons, two sources familiar with the matter

told Reuters.

The Caspian Pipeline Consortium (CPC), which controls the

pipeline system shipping CPC Blend oil, declined to comment on

the schedule for the current month.

An industry source said that as of Monday CPC had not

limited the intake into its system.

Earlier today the CPC said drones had struck the

Kropotkinskaya station in the southern Krasnodar region, where

work was halted to investigate the damage.

The CPC pipeline is the main export route for Kazakhstan,

which supplies about 1% of the world's oil.

Shell and Italy's Eni are also among its

shareholders, as is the Russian state.

(Reporting by Reuters)

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