12-05-2025
Black Sea CPC Blend daily oil exports set to decline in May, sources say
MOSCOW, May 12 (Reuters) - Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) system were set at 1.5 million barrels per day (or about 6 million metric tons) for May, down from some 1.6 million barrels per day in April, two industry sources said.
Kazakhstan's energy ministry said on Tuesday it is committed to the OPEC+ agreement and will continue to fulfil all its obligations in order to ensure the stability of the global energy market.
On a daily basis, CPC Blend oil exports in May could fall by about 6% compared to April, Reuters calculations showed. April is one day shorter than May.
CPC does not comment on monthly crude shipments through its system.
The CPC pipeline, which carries more than 80% of all Kazakh oil exports, connects the Tengiz field in western Kazakhstan and a number of others with the CPC marine terminal in Yuzhnaya Ozereyevka near Novorossiisk port.
The shareholders of the CPC are Russia, which owns 31%, Kazakhstan (20,75%), U.S. oil major Chevron (CVX.N), opens new tab (15%), ExxonMobil subsidiary Mobil Caspian Pipeline Company (7.5%) and other companies.
