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Chevron Exploring Rail Cargoes for Kazakhstani Oil Flows

OIL

Chevron is working with the Kazakhstani government to help the countries oil flows in the event of halts to Black Sea loadings – its main crude outlet.

  • Kazakhstan’s CPC pipeline is flowing about 1 mn bpd below its 1.5 mn bpd capacity due to two out of three moorings being closed for apparent repairs by Russia.
  • Chevron have said rail transit could be an alternative to get crude flows out of the country.
  • Tengiz producers "have shipped a lot of oil via rail out of that area" over the years, Chevron Chief Executive Michael Wirth said today, adding "the reality is in the near term, the primary and the large-scale option remains this pipeline."
Energy BulletsCommodities
Energy BulletsCommodities

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