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CPC says it temporarily halted oil loadings from Russia's Novorossiysk during drone attack
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CPC says it temporarily halted oil loadings from Russia's Novorossiysk during drone attack
Nov 25, 2025 3:50 AM

MOSCOW, Nov 25 (Reuters) - The Caspian Pipeline

Consortium (CPC) said on Tuesday it had temporarily suspended

oil loadings at its Russian Black Sea terminal near Novorossiysk

due to an overnight Ukrainian drone attack which had damaged its

office.

It did not provide further details, referring to previous

statements about its operations which usually resume once air

raid warnings are cancelled.

One industry source said that CPC's operations had been

largely unaffected.

The CPC pipeline is a key export route for Kazakhstan's

crude to global markets, with most volumes shipped to Europe and

Asia. Russia also supplies smaller volumes to the CPC system.

CPC's shareholders include U.S. majors Chevron ( CVX )

and Exxon Mobil ( XOM ).

CPC Blend oil

exports

were revised down in November to about 1.45 million barrels

per day (bpd) from 1.55 million bpd, according to sources.

Government officials in Russia's southern Krasnodar region

said earlier on Telegram that five high-rise residential

buildings and two private homes had sustained damage in the

Ukrainian attack.

They said falling drone debris had triggered fires at

two sites and emergency services were bringing them under

control.

Four people were reported injured.

Drone fragments were also reported to have smashed

windows and damaged buildings in Krasnodar, the region's

administrative centre. One person in a village south of

Novorossiysk was also reported to have been injured.

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