Bloomberg News

Chevron-Led CPC Oil Pipeline Exports Rose 8.7 Percent in June

July 01, 2009

The Chevron Corp.-led Caspian Pipeline Consortium said crude oil shipments through its terminal at Russia’s Black Sea port of Novorossiysk climbed 8.7 percent in June.

The Yuzhnaya Ozereyka-2 terminal shipped an average of 743,758 barrels a day in June compared with 683,955 barrels a day in May, CPC said on its Web site. A total of 22.3 million barrels were shipped in June compared with 21.2 million barrels in May, according to the Web site.

The CPC operates Russia’s only foreign-owned oil-export pipeline, which brings crude from Kazakhstan to the Black Sea port for shipment overseas. Chevron holds a 15 percent stake in the group.

To contact the reporters on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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