CPC halts Kazakh oil intake after drone attacks on tankers
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The Caspian Pipeline Consortium (CPC), Kazakhstan's main oil export route, halted crude intake on July 21 after drone attacks targeted five tankers near its Black Sea terminal. Chevron, a 15% stakeholder, said it is monitoring the situation. The suspension disrupts the flow of Kazakh oil to global markets.
Drone Attacks
In July, five tankers near CPC's marine terminal off Novorossiysk were struck by drones. CPC announced a suspension of loading on July 20 without disclosing damage or operational issues. The attacks prompted the halt in crude intake, according to three industry sources cited by Reuters.
Chevron's Response
Chevron, which holds a 15% stake in CPC, stated it is monitoring the situation and prioritizing personnel safety. The company directed further inquiries to CPC. Bloomberg reported that CPC planned to stop intake on July 21, citing shipowners' reluctance to send tankers to the terminal due to security concerns.
What's Next
CPC has not announced when intake will resume. It remains unclear whether shipowners will accept new loading orders amid ongoing drone threats.
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CPC halts Kazakh oil intake after drone attacks on tankers
