Caspian CPC crude August exports to be stable, final plan shows

LONDON. August 3. KAZINFORM The Caspian Pipeline Consortium, operator of the only oil-export link in Russia that has shared foreign ownership, will keep daily crude exports from the Black Sea in August little changed from July, a final loading program obtained by Bloomberg News showed.

CPC will ship 2.87 million metric tons this month, compared with 2.89 million tons in July, according to the schedule. That's equal to 719,226 barrels a day, compared with 724,490 barrels this month, the most since November 2010.

The program comprises eight cargoes of 134,000 to 135,500 tons each and 21 consignments of 85,000 to 93,500 tons, according to the document.

The volume in the final program is more than 2.611 million tons or 654,435 barrels a day in the preliminary schedule released on July 12.

The CPC pipeline, in which Chevron Corp. is the biggest corporate shareholder with a 15 percent stake, carries crude from Kazakhstan's western fields to a terminal near Russia's Novorossiysk port on the Black Sea. Russia owns 31 percent of the pipeline and Kazakhstan 21 percent. Exxon Mobil Corp., OAO Lukoil and a joint venture between OAO Rosneft and Royal Dutch Shell Plc are among the other shareholders, Kazinform quotes Bloomberg.

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

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