Caspian CPC May oil exports fall 9.5 pct vs April
MOSCOW, June 2 (Reuters) - Kazakh and Russian oil exports via the Caspian Pipeline Consortium to the Black Sea fell to 677,795 barrels per day in May, down by 9.5 percent from 748,947 bpd in April, the consortium said on its website.
It gave no reason for the decrease.
The pipeline group is led by U.S. major Chevron (CVX.N: Quote, Profile, Research) and includes Russian pipeline company Transneft (TRNF_p.RTS: Quote, Profile, Research), ExxonMobil (XOM.N: Quote, Profile, Research), Royal Dutch Shell (RDSa.L: Quote, Profile, Research), LUKOIL (LKOH.MM: Quote, Profile, Research) and BP (BP.L: Quote, Profile, Research).
The group exports oil CPC-E from a terminal near the Russian port of Novorossiisk. Russian companies such as Rosneft (ROSN.MM: Quote, Profile, Research), Surgutneftegas (SNGS.MM: Quote, Profile, Research) and TNK-BP (TNBPI.RTS: Quote, Profile, Research) also ship crude via CPC.
In 2007, CPC exported 32.6 million tonnes of oil, up from 31.1 million tonnes in 2006.
To read a story on Russian oil production and exports in May, please click on [ID:nL02299534].
To see a table of Russian oil production and exports in May, please click on [ID:nL02360603].
To see a table of Russia's gas production in May, click on [ID:nL02397083 ].
To see a table of Russia's seaborne exports in May, click on [ID:nL02419793]. Continued...
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