Kazakhstan Crude Exports Resume After Black Sea Terminal Reopens

Kazakhstan's Black Sea crude export terminal near Novorossiysk reopened on July 27 after being shut down for roughly a week due to Ukrainian drone strikes. The terminal, which carries more than 80% of Kazakhstan's crude exports through the Caspian Pipeline Consortium (CPC) route, had been closed since July 20.

The shutdown forced Kazakhstan to slash its oil and condensate production by approximately half, from around 2 million barrels per day to roughly 1 million barrels per day. The Tengiz field, one of Kazakhstan's largest and most productive, absorbed the biggest impact.

With the terminal reopened, two Chevron-chartered tankers - Seamajesty and Milos - loaded Tengizchevroil crude at the terminal's offshore moorings on July 27. CPC reported that pipeline operations were restored around midday Moscow time.