Tengiz displaces CPC Blend

摘要

More Caspian light CPC Blend crude may start heading to Asia-Pacific or transatlantic, as increasing amounts of component grade Tengiz from Kazakhstan are sold independently of more established export routes.Chevron-led Tengizchevroil (TCO) is finally achieving its aim of loading around 120,000 b/d - or six 80,000t cargoes a month - of Tengiz crude at Black Sea ports. Tengiz is the main component of CPC Blend, and Mediterranean refiners - such as Greece's Hellenic - will switch between the grades.