MOSCOW, Feb 21 (Reuters) - Black Sea CPC Blend oil
exports were revised up to 1.67 million barrels per day (bpd) in
February's programme from 1.42 million bpd in a previous version
due to higher supply from Kazakh oilfields, two sources familiar
with the loading plan said.
Caspian Pipeline Consortium, a pipeline operator that ships
CPC Blend oil from Kazakhstan to Russia's Black Sea terminal in
Yuzhnaya Ozereyevka, said earlier this week CPC pipeline
capacity was down after a drone attack on its pumping station.
CPC Blend oil loadings from CPC terminal in February will
amount to about 6 million metric tons of 1.67 million bpd, 18%
higher than in previous plan, the sources said and Reuters
calculations showed.
The sources added the latest version of the loading plan was
recently confirmed with no cancellations and restrictions for
Kazakh oil producers to supply oil to the CPC system.
"It's very likely they reach 6 million tons this month," one
of the sources said.
Kazakhstan oil output was estimated at a record high earlier
this week.
The sources added that additional oil loadings come mostly
from the Chevron ( CVX )-led Tengizchevroil that has recently announced
an output hike after a planned maintenance late in 2024 - early
in 2025.
It was not immediately clear if CPC pipeline can preserve a
stable flow in March and allow Kazakh oil producers to continue
high exports, the sources said.
CPC pipeline declined to comment on its operational
activities and export plans.
CPC pipeline ships more than 1% of daily global supply,
stretches over 1,500 km (939 miles) and carries crude from
Kazakhstan's vast Tengiz oilfield on the northeastern shores of
the Caspian Sea as well as from Russian producers.
Shareholders in the CPC include U.S. majors Chevron ( CVX )
and Exxon Mobil ( XOM ), as well as the Russian state, Russian
firm Lukoil, and Kazakh state company KazMunayGas.