Oil exports via the Caspian Pipeline Consortium pipeline have been set at 1.7 million barrels per day, or around 6.5 million metric tons, for April, in line with the preliminary March plan, three sources familiar with the plan told Reuters.

On a daily basis, oil supplies from Kazakhstan’s oilfields to the pipeline were set to be unchanged from March, according to Reuters calculations. April is one day shorter than March.

Kazakhstan has pledged to cut oil output to comply with its OPEC+ target, but is struggling to convince U.S. and European oil companies that operate giant oil fields in the country.

Sources told Reuters previously that March CPC Blend oil loading continued in line with the plan despite expectations of a decline.

Damage from recent drone strikes that were thought to affect oil exports via the CPC pipeline also didn’t lead to a decline in loadings.

The pipeline, which carries more than 1% of daily global supply, stretches more than 1,500 km (939 miles) and is a main route for Kazakh oil exports.

Shareholders in the CPC include U.S. majors Chevron and Exxon Mobil, as well as the Russian state, Russian firm Lukoil, and Kazakh state company KazMunayGas.
Source: Reuters