Caspian Pipeline Oil Exports Drop 12% in November Due to Ukrainian Drone Attack
Oil exports from the Caspian Pipeline Consortium (CPC), which transports oil from Kazakhstan through a pipeline to a Russian Black Sea terminal, experienced a 12% decline in November compared to October. This decrease was attributed to a Ukrainian drone attack on November 29, which severely damaged one of the three key exporting units. As a result, only one single point mooring (SPM-1) has been operational, while SPM-2 was damaged and SPM-3 has been under maintenance since mid-November. The exports fell to 5.088 million metric tons, or 1.34 million barrels per day, down from 1.52 million barrels per day in October. Despite this setback, CPC's exports from January to November increased by 15% compared to the previous year, reaching 66.541 million tons. 
