May CPC Blend oil exports set to fall 12% amid Tengiz maintenance, sources say
MOSCOW, April 17 (Reuters) -Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) pipeline system are set to decline to about 4.9 million metric tons in May from 5.4 million planned for April, three sources familiar with the matter said.
On a daily basis CPC Blend oil exports will decline by some 12% in May from April's plan, Reuters calculations showed.
A drop is expected due to planned maintenance on the Tengiz oilfield, the sources said, while it was not clear when the work would take place or how long it would take.
The expected decline in exports has already supported prices of CPC Blend oil cargoes loading next month. BFO-CPC
Chevron-led Tengizchevroil, the Tengiz oilfield's operator, and the Kazakh Energy Ministry did not reply to Reuters' requests for comment.
Reporting by Reuters reporters in Moscow, additional reporting by Robert Harvey and Ron Bousso in London; editing by Jason Neely
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