Crude oil exports through the Caspian Pipeline Consortium, or CPC, are scheduled at 2.33 million metric tons in May, 252,900 tons lower than April, according to a provisional loading program seen by Dow Jones Newswires Tuesday.
The May preliminary loading schedule of CPC Blend comprises 22 cargoes with the total volume of 550,223 barrels a day, according to the program, The Wall Street Journal reported.
CPC is led by Chevron Corp. (CVX), and includes Russia's OAO Lukoil Holdings (LKOH.RS) and OAO Transneft (TRNFP.RS), Exxon Mobil Corp. (XOM), Kazakhstan's KazMunaiGas, Italy's Eni SpA (E) and Royal Dutch Shell PLC (RDSA).
The group mainly pumps oil from Kazakhstan to the Black Sea. Russian oil is also shipped through this pipeline to the Black Sea.
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