Russia’s Novorossiysk Resumed Crude Loadings After Days of Halt
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.
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13 Articles
CPC Terminal to Resume Kazakh Oil Exports After Drone Pause
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.
Kazakhstan re-started its exports of crude oil through the Caspian Conduct Consortium (CPC), after the consortium resumed its acceptance of oil from carriers and loading operations at its maritime terminal in the Russian Black Sea port Novorossiisk, announced the Ministry of Energy in Kazakhstan on 27 July, quoted by Astana Times.
Kazakhstan Resumes CPC Oil Exports as Marine Terminal Reopens
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan resumed crude oil exports through the Caspian Pipeline Consortium (CPC) after the consortium restarted accepting oil from shippers and resumed loading operations at its marine terminal in Russia’s Black Sea port of Novorossiysk, the Kazakh Energy Ministry announced on July 27. Photo credit: cpc.ru According to the ministry, tanker loading is …
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