Caspian Pipeline Consortium Announces Significant Increase in 2025 Oil Exports
(Reuters) - The Caspian Pipeline Consortium, which supplies oil from Kazakhstan and Russia via a Black Sea terminal, said on Wednesday it shipped more than 28 million metric tons (MMt) of oil from January to May 23, 1.4 MMt more than a year earlier.
The announcement follows an update from May 23, in which the Caspian Pipeline Consortium (CPC) stated a pumping station on the CPC pipeline in Russia that had been damaged in February is now back in service.
The route is Kazakhstan's main means of exporting crude and also carries Russian oil to the Black Sea for export by tanker.
While the pumping station was being repaired CPC continued deliveries by bypassing the facility.
The pipeline carries more than 1% of the world's daily supply of oil. It stretches over 1,500 km (939 miles) from Kazakhstan's vast Tengiz oilfield to the Russian Black Sea port of Novorossiysk.
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