tradingkey.logo

Kazakhstan says oil shipments via CPC are continuing normally

ReutersApr 1, 2025 10:58 AM

- Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium (CPC) are being carried out normally without restrictions, after a Russian order halted operations at two of its three mooring points on the Black Sea.

The operator of the CPC, which exports around 1% of global oil supply, said late on Monday that the two moorings were halted following snap inspections by Russia's transport watchdog.

"At the moment there are no restrictions on receiving Kazakh oil into the system of Caspian Pipeline Consortium (CPC)," the Kazakh energy ministry said in a statement. It said loading was being carried out "in normal mode, according to schedule" via the third mooring point, which was still in operation.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI