Chevron Is Loading Crude at CPC Terminal as Kazakhstan Cuts Pipeline Shipments
Chevron CEO Mike Wirth told investors on an earnings call that Chevron had been loading crude oil this week at the CPC terminal on Russia’s Black Sea coast. “To ensure the continued operation of the pipeline, we are working closely with the governments of countries in the region, the U.S. government, the government of Kazakhstan and, apparently, other governments as well,” Wirth said. Bloomberg reported Thursday that Kazakhstan had begun reducing the volume it sends by pipeline to the CPC terminal and ultimately plans to stop the shipments, after the latest tanker attack led to a suspension of loading operations.
Chevron CEO Mike Wirth told investors on an earnings call that Chevron had been loading crude oil this week at the CPC terminal on Russia’s Black Sea coast.
“To ensure the continued operation of the pipeline, we are working closely with the governments of countries in the region, the U.S. government, the government of Kazakhstan and, apparently, other governments as well,” Wirth said.
Bloomberg reported Thursday that Kazakhstan had begun reducing the volume it sends by pipeline to the CPC terminal and ultimately plans to stop the shipments, after the latest tanker attack led to a suspension of loading operations.
“To ensure the continued operation of the pipeline, we are working closely with the governments of countries in the region, the U.S. government, the government of Kazakhstan and, apparently, other governments as well,” Wirth said.
Bloomberg reported Thursday that Kazakhstan had begun reducing the volume it sends by pipeline to the CPC terminal and ultimately plans to stop the shipments, after the latest tanker attack led to a suspension of loading operations.