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CPC Resumes Oil Loadings from Black Sea Terminal

OIL

CPC has resumed oil loadings from its Black Sea Terminal after a storm had disrupted and subsequently suspended operations since last Friday.

  • Oil shipments have resumed from two single point moorings (SPM), while a damaged third SPM has been taken out of service, Interfax reported.
  • The third SPM will be replaced with available spare parts when the weather conditions improve, CPC said in a statement.
  • CPC is the main export route for Kazakhstan’s crude oil. The storms disrupted 2m b/d of oil exports from Russia and Kazakhstan since last Friday, Reuters reported this week.
  • The disruption forced Kazakhstan’s three largest oilfields to slash production by 103.8k mt on Nov. 29, Reuters said.
Energy BulletsCommodities
Energy BulletsCommodities

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