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30.12.25 - 12:48
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Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack (ZeroHedge)
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Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack
By Charles Kennedy of OilPrice.com,
Following the Ukrainian drone attack that damaged a key export terminal on Russia's Black Sea at end-November, Kazakhstan's crude and condensate production has fallen by 6% so far in December compared to the average output in November, an anonymous industry source told Reuters on Monday.
A Ukrainian attack damaged infrastructure through which the Caspian Pipeline Consortium (CPC) exports most of Kazakhstan's oil near the Russian port of Novorossiysk on the Black Sea.
Oil has continued to flow, but at lower rates, while Kazakhstan sought to re-route some exports away from the Black Sea to keep supply relatively steady.
CPC operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which handles 80% of Kazakhstan's crude exports from giant oilfields operated by international oil firms.
Affiliates of Chevron and ExxonMobil are also minority sharehold...
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