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Caspian Pipeline Consortium oil exports rises about 22% in August

September 01, 2014, 14:25 UTC+3 MOSCOW
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MOSCOW, September 01./ITAR-TASS/. The Caspian Pipeline Consortium (CPC), led by Russian oil pipeline monopoly Transneft, increased its oil exports by 21.6% on the year to 3.528 million tonnes in August, as seen by ITAR-TASS in the consortium’s materials on Monday.

In January-August, the consortium’s oil exports grew 20.4% to 26.076 million tons.

The Russian government holds 31% in the multinational company, which pumps oil from western Kazakhstan to a terminal at the Black Sea port of Novorossiisk.

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