Kazakhstan Crude Exports Resume After Week-Long Black Sea Shutdown

Kazakhstan has resumed crude exports through the Caspian Pipeline Consortium (CPC) after a week-long shutdown caused by drone attacks on vessels operating near the Black Sea terminal. The operator reopened its marine terminal and began accepting crude from producers, with two tankers currently loading oil at the Novorossiysk terminal.

The Energy Ministry stated that export operations will continue subject to ongoing security assessments. Industry data shows that Kazakhstan's oil and gas condensate production fell to 133,200 metric tons on Sunday, down from an average of 2.16 million barrels per day in June.

The CPC pipeline transports crude from the giant Tengiz oilfield across southern Russia to the Black Sea port of Novorossiysk and carries more than 80% of Kazakhstan's crude exports. International producers such as Chevron and ExxonMobil rely on this route to move production to global markets.