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Beihai's August CPC mixed crude oil exports expected to be reduced by 20% plan

 Last Update: 2021-07-20
 Source: Internet
 Author: User

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sea

crude oil separation

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Foreign News reported on July 5 that a plan announced on Monday showed that the export of North Sea CPC mixed crude oil is expected to be 4.
13 million tons in August, lower than the 5.
18 million tons revised plan in July
.

Based on daily calculations, shipments in August will be reduced by 20% compared to July
.

Traders said that the decrease in exports was mainly due to planned maintenance of the large Tengiz oil field, which is operated by an oil company led by Chevron
.
The maintenance plan runs from August 1st to September 15th
.

Traders said that the August CPC blended crude oil export plan was unexpectedly announced in advance, which should usually be announced on the 10th to 11th of the previous month
.
It is not yet clear why the announcement was made in advance
.

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