What caused the Caspian Pipeline Consortium (CPC) to halt oil loadings, and what was the immediate operational impact?

The Caspian Pipeline Consortium halted oil loadings at its Black Sea terminal following drone attacks on oil tankers, as confirmed by CPC’s Monday statement and three industry sources; the suspension led to a complete stop in receiving oil from Kazakhstan, and two sources noted that oil reservoirs at the terminal were already full, compounding the logistical disruption.

How significant is the CPC pipeline for Kazakhstan’s oil exports and global supply, and what recent trends preceded this suspension?

CPC accounts for 80% of Kazakhstan’s oil exports and transports nearly 2% of global oil supply; according to sources, CPC oil shipments in June fell 7% month-on-month to 1.699 million barrels per day—due to both a late-May accident at the Tengiz oilfield and reduced volumes of Russian crude—just before the drone-attack-related suspension.

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CPC Halts Kazakh Oil Loadings After Tanker Attacks, Sources Say

CPC Halts Kazakh Oil Loadings After Tanker Attacks, Sources Say

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