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Caspian Pipeline Consortium to slightly reduce oil exports in 2026, Transneft says
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Caspian Pipeline Consortium to slightly reduce oil exports in 2026, Transneft says
Oct 16, 2025 6:50 AM

MOSCOW, Oct 16 (Reuters) - The Caspian Pipeline

Consortium, which exports oil from Kazakhstan via a Russian

Black Sea terminal, will slightly reduce supplies in 2026 due to

maintenance at some fields, a stakeholder in the project said on

Thursday.

Vladimir Kalanda, a vice president at Russia's oil pipeline

monopoly Transneft, told reporters that the CPC would export

more than 70 million metric tons, or around 1.4 million barrels

per day this year.

Earlier this month, the CPC lowered its oil pumping plan for

this year to 74 million tons from 76 million tons.

"We are working on next year's budget. They (Kazakhstan)

will have some oilfields stopping for maintenance. That's why

the volumes may fluctuate. It (CPC export plans) will be a

little less than this year," Kalanda said.

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