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Caspian Pipeline Consortium raises oil exports by 2.6% in Jan-Aug
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Caspian Pipeline Consortium raises oil exports by 2.6% in Jan-Aug
Sep 13, 2024 2:59 AM

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 (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%).

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