Caspian Pipeline Consortium cuts oil exports in June by 7% from May, sources say
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MOSCOW, July 13 (Reuters) - The Caspian Pipeline Consortium, which accounts for 80% of Kazakhstan's oil exports, cut supplies by 7% last month from May amid maintenance at the country's largest oilfield, Tengiz, and lower Russian flows, two industry sources said on Monday.
The sources said CPC reduced oil supplies in June to 6.442 million metric tons, or 1.699 million barrels per day, from 7.187 million tons (1.83 million bpd) in May.
They said the decline was caused by an accident at the Tengiz oilfield in late May and lower volumes of Russian crude.
Kazakh oil shipments fell to 5.91 million tons in June from 6.27 million tons in May, down 3% on a daily basis, while Russian crude shipments dropped to 0.53 million tons from 0.92 million tons, down 40%, one of the sources said.
CPC does not comment on its commercial activities.
Total oil shipments through the CPC marine terminal fell to 33.362 million tons in the first half of 2026 from 36.025 million tons in the same period a year earlier.
Kazakhstan halted oil exports to Germany from May 1, redirecting the freed-up volumes into the CPC system.
CPC expects oil shipments to increase to 72 million tons in 2026 from 70.5 million tons in 2025.
Most of the crude is from the giant Caspian oilfields of Tengiz, Kashagan and Karachaganak and is loaded onto tankers at the consortium's terminal in Yuzhnaya Ozereyevka, near Novorossiysk.
CPC shareholders include Russia (31%), Kazakhstan (20.75%), Chevron CVX.N (15%), and a number of private companies.
