Chevron's TCO To Divert 200,000 t of Oil to Batumi In October Amid CPC Maintenance - Sources
09.20.2022 By Ella Keskin - NEWS

September 20, 2022 [Reuters] – Chevron-led Tengizchevroil (TCO), Kazakhstan’s Tengiz oilfield operator, plans to divert 200,000 tonnes of oil to Georgia’s Batumi port in October via rail as it seeks alternative routes for its exports due to CPC terminal maintenance, two sources familiar with the company’s plans said on Tuesday.


The Caspian pipeline Consortium (CPC), the main export route for Kazakhstan’s oil, shut two of three loading facilities in its terminal for maintenance, leading to a sharp decrease in loading capacity.

TCO, in which Chevron holds a 50% interest, is the largest oil exporter via the CPC pipeline and a lower loading capacity of the terminal affects its export plans, forcing the company to look for alternative routes, sources said.

TCO diverted some oil to Batumi earlier this year, when the CPC terminal also carried out unplanned maintenance.

CPC Blend crude oil exports were set at 3.85 million tonnes for October, down from 4 million tonnes in the revised September plan, and still well below normal levels.

A Chevron representative did not immediately answer a Reuters request for comment.

The TCO consortium is owned by Chevron (50%), Exxon Mobil Corp (XOM.N) (25%), Kazmunaigaz (20%) and Lukoil’s Lukarco (5%).


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Will Brent Break Below $70 This Year?
03.28.2023 - NEWS
March 28, 2023 [] – Brent oil prices briefly slumped to $70 per barrel on Monda... Read More
Oil Updates: Crude Price Falls; Goldman Sachs Cuts Brent Oil Forecasts
03.28.2023 - NEWS
March 28, 2023 [ARAB NEWS] – Oil prices fell on Monday to their lowest in 15 months on conc... Read More
Oil Falls in Asian Trade as US Crude Inventories Rise Unexpectedly
03.28.2023 - NEWS
March 28, 2023 [Herald LIVE] – Traders await US Energy Information Administration data and ... Read More
Biggest Oil Traders Avoiding Russian Business
03.28.2023 - NEWS
March 28, 2023 [RIGZONE] – The world’s biggest oil traders say they are still avoiding ha... Read More