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October CPC loadings up 8% on month to 1.23 mil b/d
3rd November 2020 08:43 GMT

Daily crude loadings via the Caspian Pipeline Consortium network averaged 1.23 million b/d in October, according to data released by CPC Nov. 2.

This represented an increase of 8% compared to September loadings of 1.14 million b/d. Total loadings were 4.8 million mt, CPC said, down 12.5% on October 2019.

CPC is a light crude produced in and around the Caspian Sea that loads in the Russian port of Novorossiisk on the Black Sea.

Kazakhstan shipped 4.144 million mt, or around 979,863 b/d, of crude via the route in October, up 15.5% on month. This included 2.1 million mt from Tengiz, 914,551 mt from Karachaganak, 1.11 mil mt from Kashagan and 9,904 mt from other Kazakh producers.

Russian deliveries totaled 658,724 mt, or around 155,756 b/d in October, down 10% on month.

CPC said that the September shipment schedule was completed in full.


Platts ,
3rd November 2020 08:43 GMT