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CPC fully restored oil transportation volumes after attacks
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CPC fully restores oil transport volumes after attacks on infrastructure

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CPC fully restores oil transport volumes after attacks on infrastructure

This digest was compiled by AI from multiple sources — links to the originals are below.

The Caspian Pipeline Consortium has fully restored oil transport volumes after attacks on its infrastructure, with all three single point moorings at the marine terminal operational, Deputy General Director Kairgeldy Kabyldin said on September 30. The consortium can now transport about 75 million tonnes of oil per year, exceeding last year's record of about 70 million tonnes.

Key Facts

  • All three single point moorings at CPC's marine terminal are operational, Deputy General Director Kairgeldy Kabyldin said on September 30.
  • CPC can transport about 75 million tonnes of oil per year, compared with a record 70 million tonnes transported last year, including nearly 65 million tonnes from Kazakhstan.
  • Attacks on tankers near the marine terminal caused a pause among insurers, oil companies and traders, Kabyldin said.
  • CPC shareholders raised the issue of attacks through diplomatic channels, including the Kazakh Foreign Ministry and the U.S. State Department.
  • Kabyldin said there is no alternative to CPC for exporting Kazakh oil, calling it the shortest route.

Recovery After Attacks

CPC fully restored oil transport volumes after attacks on its infrastructure, Kabyldin said on September 30. All three single point moorings at the marine terminal are working, he said. The consortium can transport about 75 million tonnes of oil per year, exceeding last year's record of about 70 million tonnes, including nearly 65 million tonnes from Kazakhstan. Kabyldin noted a surplus capacity that could be used by oil companies planning to increase production.

Insurance and Diplomatic Response

After drone strikes on tankers approaching the marine terminal or loading oil at the single point moorings, insurers, oil companies and traders paused operations, Kabyldin said. CPC shareholders noted that the pipeline transports mainly Kazakh-origin oil, including oil owned by Western companies. The issue was raised through diplomatic channels, including the Kazakh Foreign Ministry and the U.S. State Department, Kabyldin said. Western, including American, companies helped ensure the attacks stopped, he said.

System Reliability and Alternatives

Part of CPC's equipment requires scheduled repairs because the system has operated for about 30 years, Kabyldin said. Shareholders constantly pay attention to maintaining current capacity, and CPC guarantees reliable transportation of Kazakh oil for export, he said. Kabyldin said there is no alternative to CPC for exporting Kazakh oil, calling it the shortest route. The three major fields — Tengiz, Kashagan and Karachaganak — are fully satisfied with transportation via CPC, he said. Construction of a new route could be economically justified only with a significant increase in oil production in Kazakhstan, Kabyldin said.

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