U.S. Treasury Lifts Restrictions on Oil Services for CPC and Tengizchevroil Projects

(SeaPRwire) – Treasury Department issues new license, easing restrictions on Caspian Oil Pipeline Consortium The U.S. government has allowed American and international companies to resume oil operations related to a major Russia-linked project to deliver Caspian Sea oil to global markets. The Ministry of Finance on Thursday issued licenses to remove restrictions on the Caspian Pipeline Consortium (CPC) and Kazakh company Tengizchevroil (TCO). CP…

(SeaPRwire) – Treasury Department issues new license, easing restrictions on Caspian Oil Pipeline Consortium The U.S. government has allowed American and international companies to resume oil operations related to a major Russia-linked project to deliver Caspian Sea oil to global markets. The Ministry of Finance on Thursday issued licenses to remove restrictions on the Caspian Pipeline Consortium (CPC) and Kazakh company Tengizchevroil (TCO). CP…

US Lifts Sanctions Restrictions on Kazakhstan's Oil and Gas Projects

The US Treasury Department has issued an indefinite license to provide oil services to the Caspian Pipeline Consortium (CPC) and Tengizchevroil, lifting previously imposed restrictions under sanctions against Russia. According to the published document, all transactions related to these projects are now permitted. Previously, there was a temporary permit that expired in June of this year. Source The post US Lifts Sanctions Restrictions on Kazakh…

U.S. Treasury Lifts Restrictions on Oil Services for CPC and Tengizchevroil Projects

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The United States (U.S.) Department of the Treasury issued a general license on May 15, authorizing the provision of oilfield services for the Caspian Pipeline Consortium (CPC) and Tengizchevroil projects, lifting restrictions previously imposed under the Jan. 10 determination on petroleum services. Photo credit: CPC Click to see the map in full size. T…

CPC Blend at centre of 2025 market challenges

In this overview of crude oil exports from Kazakhstan, we highlight the most significant developments that have impacted the trade so far this year.