There are no problems with supplies of Kazakh oil via Russia – Minister of Energy of Kazakhstan

(Declarations of the Minister of Energy added, supplementary data)

ASTANA, July 25 (Reuters) – Shipments of Kazakh oil via Russia, most of which go to a terminal on the Black Sea, continue as usual, Kazakhstan’s energy minister Almasadam Satkaliyev said on Tuesday.

Last week, Russia and Ukraine said they would count ships bound for their Black Sea ports after Moscow refused to renew a deal allowing the safe export of grain from Ukrainian ports.

The Caspian Pipeline Consortium (CPC) pipeline, ending on the Russian Black Sea coast, is the main export route for Kazakh oil. More than 80% of Kazakh oil exports go through the CPC. The CPC connects the Tengiz field in western Kazakhstan and a number of others to a sea terminal on the Russian Black Sea coast in Yuzhnaya Ozereevka near Novorossiysk.

The shareholders of CPC are Russia, which owns 31%, Kazakhstan (20.75%), Chevron (15%) and private companies.

“Today there are no problems with the CPC pipeline,” Satkaliev told reporters.

Last year, CPC suspended oil deliveries several times due to, among others,

unscheduled repairs

, which forced Kazakhstan’s oil companies to reduce production and look for alternative export routes. (Tamara Vaal, text by Marim Gordeeva)


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