An industry source said Tengiz oil supply to the CPC pipeline was around 30,000 tonnes per day in the first days of February. Sources familiar with the matter also told Reuters in late January that production at Tengiz was expected to reach about 33,000 tonnes, or roughly 260,000 bpd, equivalent to around 26 per cent of full capacity, by February 4.
“If Tengiz restores full output within days, we may see more exports, but we don’t count on it,” a source involved in trading CPC Blend crude said on Friday. TCO cancelled the loading of up to 14 Suezmax tankers from its initial February export plan after the output outage, two industry sources said.
Each Suezmax vessel can carry around 130,000 tonnes of crude. Some of the cancelled cargoes are now being reinstated.
The first TCO cargo from the CPC terminal this month is scheduled for loading on February 6 to 7, shipping data shows.
(Reporting by Reuters in Moscow and Robert Harvey in London; Editing by Emelia Sithole-Matarise)
