Black Sea CPC Blend oil loading plan for February unchanged despite Monday drone attack, sources say

Reuters
02-18
Black Sea CPC Blend oil loading plan for February unchanged despite Monday drone attack, sources say

MOSCOW, Feb 17 (Reuters) - The Black Sea CPC Blend oil loading plan for February will remain unchanged after a drone attack on Monday, two sources familiar with the plan told Reuters.

The drone strike hit a pumping station on an oil pipeline in Russia, reducing flows from Kazakhstan to world markets pumped by Western firms including Chevron CVX.N and Exxon Mobil XOM.N.

On Monday the plan to ship oil via the CPC system remained stable at around 1.4 million-1.5 million barrels per day, above 5.1 million metric tons, two sources familiar with the matter told Reuters.

The Caspian Pipeline Consortium (CPC), which controls the pipeline system shipping CPC Blend oil, declined to comment on the schedule for the current month.

An industry source said that as of Monday CPC had not limited the intake into its system.

Earlier today the CPC said drones had struck the Kropotkinskaya station in the southern Krasnodar region, where work was halted to investigate the damage.

The CPC pipeline is the main export route for Kazakhstan, which supplies about 1% of the world's oil.

Shell SHEL.L and Italy's Eni ENI.MI are also among its shareholders, as is the Russian state.

(Reporting by Reuters)

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