Pipeliners

03 September 2007 - Upstream OnLine - Kazakh and Russian oil exports via the Caspian Pipeline Consortium (CPC) to the Black Sea rose by 5% in August to 715,000 barrels per day from 681,000 bpd in July, the consortium said today. The pipeline group is led by US supermajor Chevron and includes Russian pipeline company Transneft, ExxonMobil, Shell, Lukoil and BP. The group exports oil from a terminal near the Russian port of Novorossiisk. Russian companies including Rosneft, Surgutneftegaz and TNK-BP also ship crude via CPC.