Middle East Economic Survey


No 3



CPC Exports For 2007 Total 32.6Mn Tons

The Caspian Pipeline Consortium (CPC) exported 32.6mn tons of crude through its Black Sea terminal near Novorossysk, the company said on 9 January. Using the ratio of 7.82 barrels per ton, total tonnage translates into an average export rate of 698,444 b/d for 2007. CPC said during 2007 it loaded 315 tankers and that exports rose by 4.8% over 2006. Exports averaged 670,388 b/d during December,...