CPC pipeline resumes flow after tanker drone attack
Chevron said during an earnings call that the Caspian Pipeline Consortium pipeline is flowing and ships are loading this week after the consortium briefly suspended oil loadings following a drone attack on a tanker at the port. Ships had turned away when another tanker was reported attacked while loading. The CPC pipeline carries almost 2% of global oil and is the main export route for Kazakhstan, running from the Tengiz oil field to a Russian Black Sea terminal near Novorossiysk. Chevron owns 50% of Tengizchevroil, and industry sources said loadings could resume later in the day.
CPC pipeline resumed shipments after temporary suspension following a drone attack
Context
The CPC terminal stopped loading after a drone hit a tanker. Ships turned away when another attack was reported. Loadings may restart and exports could continue if no further attacks occur.
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