Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to fall to about 4.9 million metric tons in August from the 5.4 million planned for July, two sources familiar with the plan said.

On a daily basis CPC Blend oil exports will decline by 9.3% in August from July plan, Reuters calculations showed.

Chevron-led Tengizchevroil plans maintenance on its giant Tengiz oil field next month, which will lead to lower output and a drop in supplies to the CPC system.

TCO is the largest oil exporter via the CPC pipeline system.

CPC does not comment on export plans via its system.

Chevron holds a 50% stake in TCO, Exxon Mobil XOM.N owns 25%, Kazakh state firm Kazmunaigas holds 20% and 5% belongs to Russia’s Lukoil.
Source: Reuters (Reporting by Reuters; Editing by Kirsten Donovan)