CPC Suffers New Mishap

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The Caspian Pipeline Consortium (CPC) has again reduced loadings in the Black Sea after two of three single point moorings (SPMs) were temporarily switched off because of cracks in the subsea hose attachments to buoyancy tanks. The group that operates the pipeline said the cracks were discovered earlier this month during scheduled maintenance. Only 3.5 million metric tons a month (922,000 b/d) could be loaded now, the group said.

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Security Risk , Oil Supply
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