Kazakhstan Rejects Reports of Complete CPC Shutdown

Kazakhstan's Energy Ministry has dismissed reports suggesting a complete shutdown of the Caspian Pipeline Consortium (CPC), asserting that such a measure is not under consideration.

The ministry confirmed that the CPC did temporarily suspend operations on July 31. However, it clarified that the pipeline has continued to receive crude oil from shippers and has been storing it in its tank facilities. This statement aims to counter media speculation about a full operational halt.

As of August 1, the CPC has resumed accepting crude oil at a rate of approximately 100,000 metric tons per day. The ministry noted that further increases in transportation volumes are directly linked to the timely arrival of tankers at the consortium's marine terminal for loading.

The ministry emphasized its commitment to close coordination with both the CPC and oil shippers, stating that it is continuously monitoring the situation. This ongoing attention comes as Kazakhstan seeks to strengthen its export resilience, particularly as pressure mounts on traditional export routes.