Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan.

Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea. Last week, it announced that two of the terminal's three docking points had been shut down. A Russian court fined the consortium, but did not stop loading at those two moorings.

This decision prevented a possible fall in Kazakhstan oil production via the CPC. The CPC accounts for about 80% of Kazakhstan's exports.

Sources said that the revised loading plan is unchanged from the original plan and includes 5.8 millions tons of Kazakhstani oil to be loaded this month. Sources asked to remain anonymous as they were not authorized to speak with media.

Sources said that as of Monday, only one of the three mooring points was still in use.

Sources said that the decline in loading was due to the fall in Russian oil exported via CPC. There will also be no oil supplies from the Krasnodar oil depot, which had a major fire after a drone strike in March.

Sources said that the Russian oil supplied to CPC would only come from Lukoil Caspian oilfields. The sources said that the CPC Blend loading plan for April could be revised before the end of the month, depending on the output from the large Kazakh oilfields.

CPC Pipeline spokesperson refused to comment.

CPC shareholders include U.S. oil giants Chevron, Exxon Mobil and the Russian State, Russian company Lukoil and KazMunayGas, a Kazakh state-owned gas company.

(source: Reuters)