Friday, August 12

Chevron-led TCO says oil shipments via CPC uninterrupted


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MOSCOW — Chevron-led Tengizchevroil (TCO) said crude oil shipments via the Caspian Pipeline Consortium (CPC) pipeline were uninterrupted after a court ruled on July 5 that CPC suspend operations, the company’s representative said.

“Chevron is aware of the latest news about the court decision on CPC activities and is in communication with CPC to clarify details and next steps,” the company said.

The Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world’s largest pipelines, has been told by a Russian court to suspend activity for 30 days, although sources said exports were still flowing. (Reporting by Reuters, Editing by Louise Heavens)



financialpost.com