Caspian Pipeline Consortium Sees Decline in Volumes of Pumped Oil
Created: 02.06.2005 17:13 MSK (GMT +3), Updated: 17:13 MSK, 9 hours 19 minutes ago
MosNews
The Chevron-led Caspian Pipeline Consortium, which pumps crude oil from Kazakhstan and Russia to the Black Sea, said on Thursday, June 2, that its exports fell in May by 40,000 barrels per day from an all-time high reached in April. The group said in a statement that was quoted by Reuters that its shipments were 2.598 million tons or 614,000 barrels per day, down from 655,000 barrels per day in April.
The group exports oil from a terminal near Russia’s port of Novorossiisk. It also includes ExxonMobil, BG Group, ENI, Royal Dutch/Shell, Lukoil and British Petroleum.
Russian firms such as state-owned Rosneft and private Surgutneftegaz joined the list of CPC shippers late last year as the country looks for ways round a bottleneck in its own pipeline system. Crude is unloaded from Russian trunk pipelines and travels a short distance by rail to be loaded onto the CPC system on Russian territory close to Novorossiisk.
Russia’s pipeline monopoly Transneft said earlier on Thursday the use of the CPC capacity by Russian shippers stood at 360,000 tons or 85,000 barrels per day in May. |
