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Russian court rules not to suspend Caspian pipeline oil export terminal, CPC says
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Russian court rules not to suspend Caspian pipeline oil export terminal, CPC says
Apr 4, 2025 4:14 AM

MOSCOW, April 4 (Reuters) - The Caspian Pipeline

Consortium (CPC) said on Friday that a Russian court had fined

it 200,000 roubles ($2,370) over oil transhipment irregularities

but ruled that its Black Sea export terminal facilities should

not be suspended.

Russia's transport regulator this month ordered CPC,

shareholders of which include Chevron ( CVX ) and Exxon Mobil ( XOM )

, to suspend operations at two of the three moorings at

its Black Sea export terminal after snap inspections related to

a massive oil products spill in December.

The court, having considered the inspection, ruled to hold

the Russian part of the CPC consortium liable and imposed an

administrative fine of 200,000 rubles without suspension, CPC

said.

($1 = 84.4000 roubles)

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