US Says Ukraine to Avoid Targeting Tankers, Oil Site
Kyiv will share safe-passage instructions as the deal aims to protect Kazakhstan’s crude exports and reduce disruptions that are expected to cut CPC Blend shipments by a third.
- Ukraine agreed to refrain from targeting non-Russian oil tankers and Caspian Pipeline Consortium infrastructure in the Black Sea following US intervention, protecting vessels not subject to Ukrainian sanctions carrying non-Russian cargo.
- Drone strikes near Novorossiysk throughout July halted loadings at the CPC terminal, disrupting exports of Kazakh crude that normally account for about 2 per cent of global supplies and forcing Kazakhstan to throttle production.
- Heavy lobbying from the US oil industry, including Chevron, prompted the diplomatic push. To facilitate the arrangement, Kyiv established dedicated contact points to exchange information with commercial carriers and provide safe passage instructions.
- Earnings for tankers taking oil to the Mediterranean reached a record $400,000 per day on August 7, reflecting heightened risk. While operations resumed, volumes remain below normal levels due to lingering shipper fear.
- Global oil prices exceeding $100 per barrel have heightened US concern over energy stability. Washington views this route as a vital alternative to Russian energy, particularly ahead of the November midterm elections.
22 Articles
22 Articles
Ukraine has pledged not to attack non-Russian oil tankers in the Black Sea using Russian ports if those ships are not carrying Russian goods. This is reported by news agency Bloomberg, citing a US official. It is particularly good news for Kazakhstan, which is heavily dependent on the port of Novorossisk in Russia for oil exports.
Ukraine has agreed not to attack oil tankers that are not owned by Russia or the CPC terminal in Novorossiisk, a key infrastructure for Kazakh oil exports, according to an official of the US Government.
Ukraine has agreed not to launch attacks on certain non-Russian oil tankers and on infrastructure targets in the Black Sea that are of crucial importance for the export of oil from Kazakhstan, according to a representative of...
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