Kazakhstan's CPC Oil Pipeline Faces Delays in Returning to Full Capacity After Drone Attack
Kazakhstan's Caspian Pipeline Consortium (CPC), responsible for 1% of global crude supply, will not return to full export capacity until at least December 11. This delay follows a Ukrainian drone attack that damaged a key part of its terminal. The attack halted operations at the Yuzhnaya Ozereevka terminal, affecting the Single-Point Mooring (SPM)-2, a critical component for loading oil onto tankers. Currently, the CPC is operating at half capacity, with SPM-1 still functional and SPM-3 under maintenance. The consortium is working to repair the damage, but challenging weather and diving complications have delayed the process.