Transport Infrastructure
Kazakhstan reduces 2026 oil production target after Ukrainian CPC strike
Erlan Akkenzhenov, Energy Minister of Kazakhstan, said that the country has reduced its oil production target for 2026 to 96 million metric tons from 98 millions due to Ukrainian drone strikes on the Caspian Pipeline Consortium. CPC transports around 80% Kazakhstan's oil via the Russian Black Sea Port of Novorossiysk. In recent months, tankers that serve the outlet were targeted by Ukrainian drones. This drew criticism from Kazakhstan. Akkenzhenov, speaking to journalists in Astana said: "The oil-production plan will be adjusted because of the attacks against the CPC... Due to the 'attacks in January, and the ongoing attacks throughout June...