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Oil flows via Caspian Pipeline Consortium down after drone attack on Russian pumping station, says CPC
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Oil flows via Caspian Pipeline Consortium down after drone attack on Russian pumping station, says CPC
Feb 17, 2025 1:35 AM

MOSCOW, Feb 17 (Reuters) - Oil flows via the Caspian

Pipeline Consortium (CPC) were reduced on Monday after a drone

struck the Kropotkinskaya pumping station in Russia's southern

Krasnodar region, the CPC said in a statement.

Work had been stopped at the pumping station while the

company worked to establish the degree of damage, it said.

Kazakhstan's energy ministry said there were no restrictions

in place on its side, and that oil loading continued as normal.

The CPC carries oil from Kazakhstan's Tengiz field for

export via the Russian port of Novorossiisk.

It carries virtually all of Kazakhstan's oil exports,

accounting for around 1% of daily oil supply.

Among the pipeline's major shareholders are Russian and

Kazakh state-owned oil and gas companies, alongside U.S. energy

majors Chevron ( CVX ) and ExxonMobil ( XOM ).

Ukraine has repeatedly targeted Russian energy

infrastructure with drone strikes in recent months, including in

the southern Krasnodar region.

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