Key facts
- Kazakhstan resumed oil exports via the Caspian Pipeline Consortium (CPC) on Monday.
- The CPC's Black Sea marine terminal reopened after a week-long suspension due to drone attacks.
- Producers have resumed delivering oil into the CPC pipeline system.
- Export operations will continue based on ongoing security assessments.
- The disruption briefly removed over 1 million barrels per day of Kazakh production from the market.
Kazakhstan has resumed crude oil exports through the Caspian Pipeline Consortium (CPC) after a week-long shutdown caused by drone attacks on its Black Sea terminal. The terminal reopened Monday, and producers have begun sending oil into the pipeline system again.
Two tankers were observed loading crude from the Chevron-led Tengizchevroil project at the Novorossiysk terminal. The Energy Ministry stated that export operations would continue, contingent on ongoing security assessments.
The suspension, which began last week, led to a significant drop in Kazakhstan's oil and gas condensate production, falling to approximately 1 million barrels per day on Sunday from an average of 2.16 million bpd in June.
The CPC pipeline, spanning 1,500 kilometers, transports over 80% of Kazakhstan's crude exports from the Tengiz oilfield across Russia to the Black Sea port of Novorossiysk. International producers like Chevron and ExxonMobil depend on this route for their Tengiz production.
This disruption briefly removed over 1 million barrels per day of Kazakh supply from the global market, exacerbating existing supply concerns amid pressures on Black Sea and Middle Eastern shipping routes.
The Kremlin has accused Ukraine of orchestrating a plan to further destabilize global oil markets by carrying out drone attacks on the Caspian Pipeline Consortium (CPC). Russian Foreign Ministry Spokeswoman Maria Zakharova stated, "We regard this attack as yet another confirmation of Bankova's desire to further destabilize the situation on global oil markets." CPC confirmed Sunday that it was forced to suspend oil loadings after a pair of oil tankers came under attack, with one catching fire. Kazakhstan's foreign ministry condemned the attack and reserved rights for compensation. This is not the first time the energy route has been targeted; a section of the CPC near Novorossiysk was temporarily taken offline in a November 2025 attack.