Kazakhstan Denies Reports of Full CPC Shutdown
Photo: Caspian pipeline consortium
Kazakhstan’s Energy Ministry has responded to reports about the Caspian Pipeline Consortium’s operations following drone attacks on oil tankers, Orda.kz reports, citing ministry spokesperson and adviser to the minister Assel Serikpayeva.
The ministry said several media outlets had reported that CPC operations could be suspended completely.
That scenario is not being considered. On July 31, CPC temporarily suspended operation of the oil pipeline,the ministry said.
However, CPC continues to receive oil from producers and fill its storage tanks.
Beginning August 1, oil intake stands at 100,000 tons per day. Any further increase in transportation volumes will depend on tankers arriving at the marine terminal on schedule,Serikpayeva said.
The ministry added that it remains in contact with CPC and oil producers and is monitoring the situation.
Shipowners have reportedly been reluctant to send tankers to the CPC terminal near Novorossiysk following attacks on vessels. Experts have warned that Kazakhstan may have to reduce oil production if export capacity remains constrained.
CPC resumed receiving and loading Kazakh oil at its Novorossiysk terminal in late July. Two tankers near the terminal were attacked again overnight on July 30.
Original author: Rimma Karatayeva
Read also:
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
