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Kazakhstan restarts CPC crude exports after Black Sea shutdown
The restart came after drone attacks led to a week-long suspension, during which Kazakhstan’s output reportedly slipped to about 1.0 million barrels per day.
Kazakhstan resumed crude exports through the Caspian Pipeline Consortium, or CPC, on Monday after the operator reopened its Black Sea marine terminal and began accepting crude again following a week-long shutdown tied to drone attacks, OilPrice reported, citing Kazakhstan’s Astana Times.
The reopening allowed two tankers to load crude from the Chevron-led Tengizchevroil project at the Novorossiysk terminal, while producers resumed deliveries into the CPC pipeline system, according to Kazakhstan’s Energy Ministry.
The ministry said export operations would continue subject to ongoing security assessments, after repeated drone attacks on vessels operating at or near the terminal led to the suspension of crude intake and tanker loadings.
Reuters data cited by OilPrice showed Kazakhstan’s oil and gas condensate production fell to 133,200 metric tons, about 1.0 million barrels per day, on Sunday, down from an average of 2.16 million bpd in June, while CPC confirmed pipeline operations resumed at 12:28 p.m. Moscow time.
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