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Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
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Oilprice.com
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 pipeline system, Kazakhstan’s Energy Ministry said.
CPC separately confirmed pipeline operations resumed at 12:28 p.m. Moscow time.
The 1,500-kilometer CPC pipeline transports crude from Kazakhstan’s giant Tengiz oilfield across southern Russia to the Black Sea port of Novorossiysk and carries more than 80% of Kazakhstan’s crude exports.
Chevron said it continues to monitor the situation at CPC but declined to comment further, the company told Reuters directly.