CPC Terminal Repairs to Limit Kazakhstan's Oil Exports Until at Least December 11
Photo: Elements.envato.com, ill purposes
The Caspian Pipeline Consortium (CPC) is not expected to return to full export capacity until December 11–13 following damage to one of its offshore loading units near Novorossiysk, Orda.kz reports, citing Reuters.
The incident occurred on November 29, when unmanned boats struck SPM-2. CPC’s marine terminal uses three single-point moorings located around five kilometers offshore. Under normal operations, two moorings load tankers while the third remains in reserve.
At present, only SPM-1 is functioning, meaning exports are running at roughly half their usual capacity. SPM-3 has been out of service for planned maintenance since mid-November.
According to Reuters sources, SPM-3 cannot resume work until at least December 11–13 because divers are unable to complete repairs in the current weather conditions. Full restoration of SPM-2 is expected to take several months.
Kazakhstan has already been forced to redirect crude to alternative, less profitable export routes — most of them still dependent on Russian infrastructure.
Following the terminal damage, national oil output fell to around 1.9 million barrels per day.
Original Author: Oksana Matvienko
Latest news
- Tokayev Says the Stray Dog Problem Must Be Solved “Without Hype”
- Several Districts in North Kazakhstan Remain Under Flood Threat
- Almaty Covers Open Irrigation Channels as Part of Urban Renewal
- Tourist Boats Set to Resume Service on Astana’s Yesil River
- U.S. Embassy in Astana to Auction Cars, Furniture and Medical Equipment
- Promising New Oil Discovery Announced at Kashagan
- Prices for Basic Food Products Keep Rising in Kazakhstan as Regional Gaps Widen
- Kazakhstan Plans Unified Register for Military Draft Notices
- Village in Kyzylorda Region Flooded After Heavy Rainfall
- Europe’s New Sanctions Against Russia Again Affect Kazakhstan
- International Development Banks to Invest Billions of Dollars in Kazakhstan
- Heavy Smoke in Almaty Metro Caught on Video
- Tokayev Discusses Expansion of Partnership With Oman’s Deputy Prime Minister
- Video Shows Construction Waste Dumped Near Reservoir in Kazakhstan
- Suspect in Theft of $230,000 From Employer Extradited From Greece to Kazakhstan
- Steppe Near Aktau Cleared After Landfill Complaints, but People Doubt the Problem Is Solved
- Why Markets Are Closing in Kazakhstan, According to the Ministry
- Kazakh Scientists Seek 10 Billion Tenge for Rare Metal Processing Research
- Georgia Becomes New Market for Kazakhstan’s Pork Exports
- Young Kazakhstanis Are Moving Into Trade and Working Overtime
