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Caspian Pipeline Consortium completes cleanup operation after accident, spill

The Caspian Pipeline Consortium announced on Saturday that the cleanup operation following an oil spill and accident at its Black Sea Terminal had been completed.

The company, which manages more than 1% global oil, was forced to suspend operations at 2 mooring points due to the spill.

CPC said in a statement that it had suspended emergency operations after inspecting the surface conditions at the site. A study was conducted to determine the volume of oil leaking and the cause of the accident.

The relevant oversight bodies attested that the site of the spill was localised quickly. The terminal received the collected waste for disposal.

CPC exports mostly from Kazakhstan via Russia to the Black Sea Terminal.

It deploys normally three moorings points, one of which is used as a back-up. CPC, whose investors include U.S. giants Chevron CVX.N, and Exxon Mobil XOM.N, announced that SPM-1 mooring point was still operational.

CPC was in the spotlight when Russia's conflict with Ukraine began. The consortium had to close all but one of their mooring points in 2022 because damage was affecting exports.

This year, its operations were disrupted by a drone attack. Reporting by

(source: Reuters)