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Chevron, Exxon Mobil Stakes In Caspian Pipeline Consortium Not Targeted By Russia, Kremlin Reportedly Says
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Chevron, Exxon Mobil Stakes In Caspian Pipeline Consortium Not Targeted By Russia, Kremlin Reportedly Says
Mar 27, 2026 4:32 AM

07:05 AM EDT, 03/27/2026 (MT Newswires) -- Chevron ( CVX ) and Exxon Mobil Corporation ( XOM ) interests in the Caspian Pipeline Consortium (CPC) are not being targeted by Russia, Kremlin spokesman Dmitry Peskov said Friday, according to multiple reports.

Peskov's comments came after some Russian commentators had suggested restricting Kazakh oil exports through the pipeline in response to US sanctions, according to the reports.

The pipeline exports crude from a terminal near Novorossiysk on the Black Sea and includes partners from Kazakhstan.

Peskov reportedly said drone strikes by Ukraine disrupted CPC operations and affected companies from Russia, the U.S., and Kazakhstan.

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