CPC raises oil and gas condensate exports by 6% m/m in October, sources say

By Reuters News24 hours ago Updated

ALMATY, Nov 13 (Reuters) - The Caspian Pipeline Consortium (CPC) increased oil and gas condensate exports last month by 6% from September thanks to a recovery of production at a major field in Kazakhstan, two industry sources said.

The increase in exports to 6.6 million metric tons or 1.69 million barrels per day was also supported by a decline in the number of drone attacks on tankers in the Black Sea.
Kazakhstan raised its exports of oil and gas condensate via the route to 5.9 million tons in October from 5.2 million tons in September following completion of scheduled maintenance at the Karachaganak field.
CPC does not comment on its commercial operations.
According to data from sources, oil and gas condensate exports via CPC fell to 57.4 million tons in the first 10 months of 2026, compared with 61.5 million tons during the same period in 2025.
CPC plans to reduce oil exports in November by 2% on a daily average basis compared with October, to approximately 6.4 million tons (1.69 million barrels per day), industry sources said last month.
More than 80% of Kazakhstan's oil exports are transported through the CPC pipeline. Most of the crude comes from Kazakhstan's giant Tengiz, Kashagan and Karachaganak oilfields.
CPC shareholders include Russia (31%), Kazakhstan (20.75%) and Chevron CVX.N (15%).