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Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
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OilPrice.com Daily News Update
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.