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Kazakh Floods Threaten Oil Infrastructure

OIL

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.

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