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CPC Blend oil exports set to fall 14% in August m/m -sources

Oil exports via the Caspian Pipeline Consortium (CPC) will decline in August to 4.7 million tonnes from 5.45 million tonnes in July’s plan amid planned maintenance on the giant Tengiz oilfield, according to three sources familiar with the exports.

On a daily basis, CPC Blend oil loadings will fall by 14% compared to July, Reuters calculations showed.

Tengiz operator Chevron-led Tengizchevroil (TCO) and the Kazakh Energy Ministry did not immediately reply to Reuters requests for comment.
Kazakhstan announced plans earlier this year to carry out maintenance at the Tengiz oilfield in August.
TCO consortium is owned by Chevron (50%), Exxon Mobil Corp XOM.N (25%), Kazmunaigas (20%) and Lukoil’s Lukarco (5%).
Source: Reuters (Reporting by Reuters; editing by Jason Neely)

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