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CPC: Drones have damaged equipment and stopped oil exports.

The Caspian Pipeline Consortium, which manages more than 1% global oil production, announced on Saturday that it had halted its operations following an attack by Ukrainian drones to a mooring in the Black Sea terminal. In a statement, it stated that further operation of the mooring point 2, one of three important pieces of exporting machinery, was not possible.

CPC exports from Kazakhstan mainly via Russia and Black Sea terminal.

CPC is owned by Chevron, Exxon Mobil and other major U.S. companies.

It's not looking too good. It was badly damaged. A trader said that they were going to launch a third mooring, which was under repair.

The attack on the terminal did not result in any injuries among CPC employees or contractors, according to the consortium.

The emergency protection system had shut down all pipelines at the time of the explosion. According to preliminary reports, no oil spilled in the Black Sea.

CPC stated that "shipments will be made at the terminal in accordance with the established rules as soon as the threat of unmanned boats and drones has been eliminated."

(source: Reuters)