MOSCOW, Jan 9 (Reuters) - The Caspian Pipeline

Consortium (CPC), which exports Kazakhstan's oil via the Black

Sea, was seen pumping 64.4 million metric tons of oil in 2024 in

a latest estimate, further downgrading its exporting prospects,

according to a shareholder.

It had initially planned to export more than 70 million

tons (1.5 million barrels per day) of oil in 2024, up from a

record high of 63.5 million tons in 2023.

However, the consortium said in May it expected its oil

exports to fall 7% short of a preliminary target owing to lower

loadings from Tengiz, a key field. The plans might have assumed

the export of 65.2 million tons.

Speaking to a December issue of an in-house magazine,

Vladimir Kalanda, a vice-president of Russian oil pipeline

operator Transneft, said CPC's plans for 2024 called

for 64.4 million tons of oil export, up almost a million tons

from 2023.

The main CPC shareholders are Transneft (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%).