Bloomberg News

Caspian CPC Daily Crude Oil Exports Little Changed in January

December 13, 2011

Dec. 13 (Bloomberg) -- The Chevron Corp.-led Caspian Pipeline Consortium will keep daily crude exports from the Black Sea little changed next month, a preliminary loading program obtained by Bloomberg News showed.

The group, known as CPC, will ship 21 cargoes totaling 2.44 million metric tons in January, according to the schedule. That’s equivalent to 18.9 million barrels, or 610,998 barrels a day, compared with 606,812 barrels planned for December. The final shipment plan will be released later this month.

The CPC pipeline has the capacity to carry about 650,000 barrels a day of crude from Kazakhstan’s western fields to its terminal close to Russia’s Novorossiysk port on the Black Sea, according to data on the company’s website.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net


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