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Caspian Pipeline Consortium raises oil exports by 2.6% in Jan-Aug
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Caspian Pipeline Consortium raises oil exports by 2.6% in Jan-Aug

- The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, increased oil exports by 2.6% in January-August from the same period in 2023 to 43.8 million metric tons, the consortium said on Friday.

The consortium has said it expects its 2024 oil exports to fall 7% short of a preliminary target owing to lower loadings from a key field.

The main CPC shareholders are Russian oil pipeline monopoly Transneft TRNF_p.MM (24%), Kazakhstan's KazMunayGas KMGZ.KZ (19%), Chevron Caspian Pipeline Consortium Company CVX.N (15%), Lukarco B.V LKOH.MM (12.5%), Mobil Caspian Pipeline Company XOM.N (7.5%), CPC Company (7%) and Rosneft-Shell Caspian Ventures Limited ROSN.MM, SHEL.L (7.5%).


(Reporting by Vladimir Soldatkin and Mariya Gordeyeva; Editing by Mark Potter)

((vladimir.soldatkin@thomsonreuters.com; twitter: @vsoldatkin;))

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