Tengizchevroil cuts CPC shipments.(Caspian/central Asia)(Brief Article)

The ChevronTexaco-led Tengizchevroil (TCO) consortium will reduce shipments along the Tengiz-Novorossiysk pipeline next month due to maintenance at the Tengiz field, according to a Caspian Pipeline Consortium (CPC) source. CPC had expected to ship 1.4mn t (330,000 b/d) along the pipeline in July, but the actual volume will amount to about 1mn t, the source says. Maintenance at the field will take a few days and monthly oil output will be less than 1mn t, while regular monthly production is 1.1mn-1.5mn t. But monthly exports from the CPC terminal near Novorossiysk are likely to remain stable at current levels of 1mn t as other CPC users are expected to increase shipments. Crude …