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Russia Not Concerned About Geopolitics Disrupting CPC Supply: Minister

OIL

Russia is working with Kazakhstan on supplying oil via the CPC pipeline and is not concerned it will be affected by geopolitics, Russian Energy Minister Nikolai Shulginov said according to Interfax.

  • "We have normal, constructive cooperation [with Kazakhstan] on supplies via the Caspian Pipeline Consortium, so we don't have any concerns at this point," Shulginov said.
  • "We believe that any actions against energy infrastructure, oil pipelines or gas pipelines are unacceptable in regard to all countries," he added.
  • The 1,511-km CPC pipeline links oil in Kazakhstan and Russian offshore fields in the Caspian Sea to a marine terminal in Novorossiysk. It is the main route for Kazakh oil.
  • The pipeline Around 58.7m mt of crude were exported via CPC in 2022.
Energy BulletsCommodities
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