Finance

Kazakhstan says CPC oil exports via Black Sea stable after Russia reports an attack

Published by Global Banking & Finance Review

Posted on April 7, 2026

3 min read

· Last updated: April 8, 2026

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ASTANA, April 7 (Reuters) - Oil shipments via the Caspian Pipeline Consortium are stable, Kazakhstan's energy ministry said on Tuesday after Russia's military accused Ukraine of damaging loading

Kazakhstan Reports Steady CPC Oil Exports After Attack on Black Sea Facilities

Overview of CPC Oil Exports and Recent Black Sea Incident

ASTANA, April 7 (Reuters) - Oil shipments via the Caspian Pipeline Consortium are stable, Kazakhstan's energy ministry said on Tuesday after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.

Russia's Defence Ministry on Monday said Ukraine had attacked facilities at the maritime transhipment complex in the port of Novorossiysk overnight, damaging a mooring point for the CPC and igniting fires at four oil product reservoirs.

Kazakhstan's Response to the Incident

"The work of our oil sector is stable and CPC exports continue to be stable," Sungat Yesimkhanov, Kazakhstan's deputy energy minister, told reporters. On Monday, an adviser to the Kazakh energy ministry said the country was monitoring the situation following an incident at Novorossiysk, but gave no further detail.

Importance of the CPC Terminal

The CPC terminal, located to the southwest of Novorossiysk, handles 80% of Kazakhstan's crude exports. Supply volumes via the 1,510-km (938-mile) Tengiz-Novorossiysk pipeline rose last year to 70.5 million metric tons - or 1.53 million barrels per day - from 63 million tons in 2024.

Stakeholders and Reactions

Global Oil Majors and Shareholders

GLOBAL OIL MAJORS ARE AMONG CPC SHAREHOLDERS

Ukraine has not responded to a Reuters request for comment on the alleged attack on CPC facilities. Its military said separately on Monday that its drones had attacked oil loading infrastructure at Sheskharis, about 15 km (9 miles) from the CPC terminal.

CPC did not reply to a request for comment. Its shareholders include U.S. major Chevron.

Chevron and Tengizchevroil Operations

Chevron subsidiary Tengizchevroil, which operates the Tengiz oilfield, Kazakhstan's largest and the main supplier to CPC exports, said the field's exports had continued uninterrupted.

Separately, Tengizchevroil's director general William Lacobie said on Tuesday that the field has returned to full production following power supply disruptions earlier this year.

Russian and International Statements

Kremlin spokesman Dmitry Peskov told reporters on Tuesday that there was no doubt that Ukraine had attacked the facility and that it had done so before. He referred questions on the status of operations to the CPC's operator.

"The strikes took place. That much is clear. As we all know, this is not the first time the Kyiv regime has targeted the CPC's infrastructure," Peskov said.

Impact on CPC Operations

The CPC had to temporarily halt its operations for a few days after Ukraine attacked its facilities at the end of November, effectively destroying one of three floating moorings.

(Reporting by Tamara Vaal and Dmitry Antonov; Additional reporting by Shadia Nasralla in London; Writing by Anastasia Teterevleva and Vladimir Soldatkin; Editing by Guy Faulconbridge, Andrew Osborn, Bernadette Baum and Barbara Lewis)

Key Takeaways

  • Kazakhstan says CPC exports unaffected, maintaining operations via its Black Sea terminal despite reported damage to loading infrastructure in Novorossiysk
  • CPC transported approximately 70.5 million tonnes in 2025, up from 63 million tonnes in 2024, underscoring its vital role in Kazakh oil exports
  • Tengizchevroil, operated by Chevron, confirms uninterrupted exports and full production restored after power issues earlier this year

Frequently Asked Questions

Are oil exports via the Caspian Pipeline Consortium stable?
Yes, Kazakhstan's energy ministry stated that CPC oil exports via the Black Sea remain stable after the reported attack.
What happened at the Novorossiysk port?
Russia accused Ukraine of damaging loading facilities at the Novorossiysk port, which affected CPC operations but did not halt exports.
Who are the major stakeholders in the Caspian Pipeline Consortium?
Global oil majors, including U.S. company Chevron, are among the key shareholders in the CPC.
How much crude does the Tengiz-Novorossiysk pipeline transport?
The pipeline transported 70.5 million metric tons last year, or about 1.53 million barrels per day.
Was there any interruption to Tengizchevroil's exports?
No, Tengizchevroil reported that exports continued uninterrupted despite recent incidents and power supply disruptions.

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