Caspian Pipeline Consortium oil exports rise 27% to 45 mln tonnes in 10M

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Caspian Pipeline Consortium oil exports rise 27% to 45 mln tonnes in 10M

MOSCOW. Nov 15 (Interfax) - The Caspian Pipeline Consortium (CPC) exported 44.910 million tonnes of oil in January-September 2017, up 27% year-on-year, CPC figures show.

In October, the consortium pumped 4.654 million tonnes of oil, 17% more than in October last year and 14% more than in September 2017.

CPC is planning to pump 55.6 million tonnes of oil in 2017 of which 50.2 tonnes will be Kazakh oil, including 7.6 million tonnes from the Kashagan field.

CPC previously lowered its forecast for oil exports in 2017 due to the fact that Russia and Kazakhstan are participating in the OPEC and non-OPEC oil production cut agreement.