CPC July Export Program Set at 2.5 Million Tons, Up Vs June - Trade

Date : 06/12/2012 @ 2:09PM
Source : Dow Jones News
Stock : Exxon Mobil Corp. (XOM)
Quote : 80.71  0.44 (0.55%) @ 2:25PM

CPC July Export Program Set at 2.5 Million Tons, Up Vs June - Trade

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Crude oil exports through the Caspian Pipeline Consortium, or CPC, are scheduled at 596,804 barrels a day in July, up from 586,156 barrels a day originally scheduled to load in June, according to a provisional loading program seen by Dow Jones Newswires Tuesday.

The July preliminary loading schedule of CPC Blend comprises 25 cargoes with a total volume of 2.524 million metric tons.

CPC is led by Chevron Corp. (CVX) and includes Russia's OAO Lukoil Holdings (LUKOY, LKOH.RS) as well as OAO Transneft (TRNFP.RS), Exxon Mobil Corp. (XOM), Kazakhstan's KazMunaiGas, Italy's Eni SpA (E, ENI.MI) and Royal Dutch Shell PLC (RDSA, RDSA.LN).

The group mainly pumps oil from Kazakhstan to the Black Sea. Russian oil is also shipped through this pipeline to the Black Sea.

Write to Sarah Kent at sarah.kent@dowjones.com

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