US EditionKazakhstan's oil output falls after Ukraine drone attack on major terminal
Kazakhstan’s crude output dropped 6% in December after a Ukrainian drone attack damaged a key Russian export terminal, forcing reroutes via alternate pipelines including BTC.
- On Monday, Kazakhstan reported a 6% December output drop compared to November after a Ukrainian drone attack damaged the Caspian Pipeline Consortium terminal near Novorossiysk port.
- The CPC terminal near Novorossiysk suffered jetty damage from a Ukrainian strike that coincided with a late-November period of maintenance, leaving only one of three single-point moorings operable.
- Tengiz oilfield output fell this month, dipping about 10% to 719,800 bpd in the December 1 through December 28 period, down from a 1.93 million barrels per day November average, industry sources said.
- Export diversions aim to keep supply relatively steady as Kazakhstan reroutes crude to the Baku-Tbilisi-Ceyhan pipeline and Kashagan oil toward China, while outages could tighten European crude markets and affect tankers, industry sources say.
- The Caspian Pipeline Consortium carries roughly 80% of Kazakhstan's oil to Novorossiysk port and shipped just over 1.3 million barrels per day in November, with Chevron, ExxonMobil affiliates and the Russian Federation holding stakes.
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Exclusive: Kazakhstan's oil output falls after Ukraine drone attack on major terminal
Oil output in Kazakhstan declined by around 6% in December, led by a fall at the vast Chevron-led Tengiz oilfield after a Ukrainian drone attack damaged Russia's Black Sea exporting terminal, an industry source said on Monday.
Ukraine Strike on Russian Terminal Cuts Kazakhstan Crude Production
NEWS BRIEF Kazakhstan’s oil output fell by 6% in December after a Ukrainian drone strike crippled Russia’s key Black Sea export terminal, revealing the unexpected regional ripple effects of Kyiv’s energy warfare. The attack on the Caspian Pipeline Consortium terminal, which handles 80% of Kazakhstan’s crude exports, has forced production cuts at the massive Chevron-led […] The post Ukraine Strike on Russian Terminal Cuts Kazakhstan Crude Product…
Kazakhstan's oil production fell by about 6 percent in December due to a Ukrainian drone attack, after the Caspian Pipeline Consortium's (CPC) Black Sea export terminal was partially shut down.
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