Chevron Warns CPC Damage Risks Energy Supply Stability

Chevron has issued a statement following the Ukrainian strike on the Caspian Pipeline Consortium terminal on the Black Sea, underscoring the pipeline’s importance for global energy supplies, Orda.kz reports.

In comments to RIA Novosti, the American oil and gas corporation stressed that the CPC is a vital route for transporting Kazakh oil to international markets and that many countries depend on its stable operation.

The Caspian Pipeline Consortium is a key export route, ensuring the supply of oil produced in Kazakhstan to international markets. Its uninterrupted operation is crucial not only for producers but also for the many countries that depend on this transportation system,
 Chevron stated.

Late last week, one of the CPC’s three single-point moorings (SPMs) was severely damaged, forcing the suspension of loading operations. The consortium is now operating with only one SPM.

No personnel were injured, and no leaks were detected.

Kazakhstan’s Foreign Ministry has lodged a protest with Ukraine, calling the incident a threat to bilateral relations.

Kyiv responded, stating Kazakhstan had not condemned Russia’s strikes on Ukrainian civilians, insisting that Ukrainian attacks target only the “military-industrial potential of the aggressor.” Kazakh experts described the incident as deliberate and noted that the CPC generates tens of billions of dollars in revenue for Kazakhstan.

The CPC is Kazakhstan’s main oil export route, carrying more than 80% of the country’s crude. It transports around 63 million tons of oil annually from western Kazakh fields to the Novorossiysk marine terminal.

Major shareholders include Russia (via Transneft), Kazakhstan (KazMunayGas), Chevron, Lukoil, ExxonMobil, and a Rosneft–Shell joint venture.

Original Author: Ruslan Loginov