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Kazakhstan Denies Full CPC Pipeline Stoppage Under Consideration
🇸🇦 Saudi Arabia /Energy & Infrastructure

Kazakhstan Denies Full CPC Pipeline Stoppage Under Consideration

From Asharq Al-Awsat · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • Kazakhstan's energy ministry stated that a complete shutdown of the Caspian Pipeline Consortium (CPC) operations is not being considered.
  • The ministry assured that the current situation is under control, despite a recent drone attack on a tanker.
  • The CPC pipeline, crucial for Kazakhstan's oil exports, carries nearly 2% of global oil.

Kazakhstan's energy ministry has moved to reassure international markets, stating that a full operational halt of the Caspian Pipeline Consortium (CPC) is not currently under consideration. The ministry confirmed on Saturday that the situation is being managed and remains under control.

This statement follows a drone attack on a tanker that led the CPC to suspend oil loadings on Thursday. The pipeline is a vital artery for Kazakhstan's oil exports, transporting approximately 2% of the world's crude oil and serving as the primary route for the nation's output.

Chevron, a major stakeholder with a 50% share in Tengizchevroil (the operator of the giant Tengiz oilfield and a key exporter via CPC), reported on Friday that the pipeline is still flowing and ships are actively loading this week. This indicates a degree of operational continuity despite the recent security incident.

The pipeline is currently flowing and ships are loading this week

— CEO of ChevronConfirming operational status of the CPC pipeline.
DistantNews Editorial

Originally published by Asharq Al-Awsat in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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