CPC Oil Exports Continue After Drone Strike, Volume May Drop 30%

The Caspian Pipeline Consortium (CPC) continues to export Kazakhstan's oil from Tengiz following a drone attack on its Kropotkinskaya station in Russia's Krasnodar Territory, but export volumes could decrease by 30%.

Transportation of oil via the Tengiz-Novorossiysk pipeline system is carried out, bypassing the stopped NPS. The shipment of raw materials for export at the sea terminal continues in the normal mode, the company said in a statement.

The damage assessment from Russia's Transneft, a CPC shareholder, revealed significant infrastructure damage:

The roof was destroyed, the closed switchgear, the gas turbine unit (GTU) were damaged, cables and cable racks, a water tank were also damaged, two transformers, filters and the GTU fire extinguishing system were destroyed.

CPC officials estimate repairs will take between 1.5 to 2 months.

The station, which handled over 63 million tons of oil last year, with about 90% coming from Kazakhstan, was struck by seven drones on February 17.

The consortium's CEO, Nikolai Gorban, has ordered enhanced security measures during repairs while maintaining export operations through alternative routes.

Original Author: Nikita Drobny