Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
The consortium said shipments will restart after temporary cuts that followed drone strikes on its Black Sea terminal, which handles about 80% of Kazakhstan's oil exports.
- On Monday, the Caspian Pipeline Consortium resumed oil loadings at its Novorossiysk terminal after drone attacks forced a temporary suspension of exports last week.
- Drone attacks blamed on Ukraine damaged the marine terminal and several tankers, disrupting an export route accounting for about 80% of Kazakhstan's crude flows.
- Brent crude futures fell below $90 a barrel on Monday as the resumption eased supply concerns for European refiners heavily reliant on these shipments.
- During a forum in Omsk on Saturday, President Kassym-Jomart Tokayev cautiously weighed in on the Russia-Ukraine war while appearing alongside Vladimir Putin.
- Analysts warn the long-term outlook remains "uneasy and controversial," with potential risks of redirected oil flows and revenue losses if regional disruptions persist.
22 Articles
22 Articles
CPC Terminal to Resume Kazakh Oil Exports After Drone Pause
Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
Kazakhstan resumed crude exports through the Caspian Pipeline Consortium (CPC) on Monday after the operator reopened its Black Sea marine terminal and resumed accepting crude from producers following a week-long suspension triggered by drone attacks, Kazakhstan’s Astana Times reported. Two tankers were loading crude from the Chevron-led Tengizchevroil project at the Novorossiysk terminal, while producers resumed delivering oil into the CPC pipe…
The restoration of oil production allows oil companies to resume export operations through the maritime terminal.
CPC Oil Terminal Resumes Kazakh Crude Exports After Attacks
(Bloomberg) — The main terminal for exporting Kazakhstan’s oil resumed loadings after drone attacks on vessels caused an output cut last week, a step that may help to ease one of the market’s major supply worries.
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