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Free AccessKazakh Floods Threaten Oil Infrastructure
Kazakhstan is braced for levels on the Ural River to rise sharply on Friday due to high rainfall, something that could threaten two of its western regions and key oil infrastructure.
- The country has been battling its worst floods in decades.
- The Ural goes through West Kazakhstan and the Atyrau region and heads towards the Caspian Sea. The area is also crossed by the Caspian Pipeline Consortium (CPC) pipeline, which pumps 80% of Kazakhstan's oil exports.
- KazTransOil said via an official statement out Friday that it is building protective embankments to protect pipe infrastructure. Kazakhstan lost 16k mt of crude production due to floods according to reports Thursday.
- The Atyrau refinery is working as normal according to the Kazakh Energy Ministry.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.