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Black Sea CPC blend oil exports unchanged compared to December plan, sources say

Posted to Maritime Reporter on December 19, 2024

Two sources familiar with this matter said that the Black Sea CPC blend oil exports via Caspian Pipeline Consortium's (CPC) pipeline will remain at 1,43 million barrels per days (bpd) for January, the same as the plan from December.

Sources said that the CPC Blend oil loadings for December could be lower than the planned volume of 1.43 million bpd due to lower-than-planned output from Kazakhstan's largest oil field Tengiz operated by U.S. giant Chevron.

The CPC consortium does not comment on monthly loads.

SAC TEK, the Kazakh energy ministry's analysis and data service, estimated that Tengiz output was 20% below its planned plan in December. This helped Kazakhstan meet its OPEC+ target. Mark Potter is responsible for editing and reporting.

(source: Reuters)

Tags: Marine Services Port Services Asia North America

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