The Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan via the Black Sea, increased oil supplies in the first half of the year by 3% year on year to 33.21 million metric tons (1.432 million barrels per day), two industry sources said on Friday.

CPC does not comment on its operational data.

The sources also said that CPC’s June exports rose to 5.554 million tons from 4.941 million tons in May thanks to the completion of maintenance at the giant Tengiz oilfield.

The consortium sees its exports in July at 5.4 million tons, sources said last month.

CPC said in May it expected its oil exports to fall 7% short of a preliminary target this year owing to lower loadings from Tengiz.

The main CPC shareholders are Russian oil pipeline monopoly Transneft TRNF_p.MM (24%), Kazakhstan’s KazMunayGas KMGZ.KZ (19%), Chevron Caspian Pipeline Consortium Company CVX.N (15%), Lukarco B.V LKOH.MM (12.5%), Mobil Caspian Pipeline Company XOM.N (7.5%), CPC Company (7%) and Rosneft-Shell Caspian Ventures Limited ROSN.MM, SHEL.L (7.5%).
Source: Reuters (Reporting by Reuters; Editing by Mark Potter)