March 3 (Bloomberg) -- The oil terminal operated by Chevron Corp.'s Caspian Pipeline Consortium in Russia's Black Sea port of Novorossiysk shipped 25 percent less crude in February compared with the same month last year.

The Yuzhnaya Ozereyka-2 terminal shipped an average of 604,500 barrels of oil a day in February, compared with 804,000 barrels a day a year earlier, the company said today in a statement on its Web site. In January, the terminal shipped 644,000 barrels a day on average, the company said.

The Caspian Pipeline Consortium operates Russia's only foreign-owned oil export link, which ships crude from Kazakhstan to the Black Sea port.

To contact the reporter on this story: Torrey Clark in Moscow at tclark8@bloomberg.net.

Last Updated: March 3, 2008 05:51 EST