Russia blocks export of Kazakh oil to Europe

Export of Kazakh oil to Europe was blocked after a storm in the Black Sea, which damaged the oil terminal of the Caspian Pipeline Consortium (CPC) in Novorossiysk.

CPC is an international oil transportation project involving Russia, Kazakhstan and international oil and gas companies. About 80% of oil comes from the fields of Western Kazakhstan, the rest comes from Russian producers. Transshipment to tankers is carried out in a port near Novorossiysk.

As USM wrote earlier, on March 21-22, CPC put out of action two out of three terminal mooring units through which oil is loaded onto tankers. After a severe storm, the TLU was severely damaged. A day later, the loading of oil onto tankers was completely stopped: for a complete inspection of the equipment, the third TLU was also stopped.

According to BlackSeaNews, Kazakhstan is already developing alternative routes for oil exports. Russia is already scaring Europe with a shortage of oil products.

At the same time, as Sergei Kuyun, director of the A-95 consulting agency, notes, a Russian oil transshipment terminal continues to operate near the CPC. Despite the fact that there was a storm here too.