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Friday, October 05, 2007

CPC volumes take a tumble

02 October 2007 - Upstream OnLine - Kazakh and Russian oil exports via the Caspian Pipeline Consortium (CPC) to the Black Sea fell by 9.9% in September to 644,100 barrels per day from 715,100 bpd in August, 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 such as Rosneft, Surgutneftegaz and TNK-BP also ship crude via CPC.

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