July 31 (Reuters) - The Caspian Pipeline Consortium (CPC)
pipeline is currently flowing and ships are loading this week,
the CEO of Chevron ( CVX ) said on an earnings call on Friday.
CPC, quoted by Russian news agency Interfax, said on Thursday it
had suspended oil loadings following a drone attack on a tanker.
Vessels expected to load oil from the CPC terminal turned away
from the port on Thursday after CPC said another tanker had been
attacked while loading at the port.
The CPC pipeline, which exports almost 2% of global oil, is
the main route for Kazakhstan's oil exports, starting from the
giant Tengiz oil field and ending at the Russian Black Sea
terminal of Yuzhnaya Ozereyevka near Novorossiysk.
Chevron ( CVX ) owns 50% of Tengizchevroil company - the operator of
Tengiz and the major exporter via the CPC pipeline.
Two industry sources said on Friday that CPC oil loadings
could be resumed later in the day. One added that the single
point mooring 3 (SPM-3) at the CPC terminal will be loading a
tanker on Friday.
CPC declined to comment on the matter.
The second source said two more tankers are expected to be
loaded at the CPC terminal on Saturday.
Earlier this week, CPC said that loadings had been restored
after a one-week suspension, adding that the tankers fixed by
Chevron ( CVX ) had arrived for loading.
Kazakhstan has more than halved its daily oil output after the
closure of the CPC terminal - its main oil export route.