Attacks on oil tankers have forced Kazakhstan to suspend oil exports through the Black Sea

Kazakhstan plans to suspend oil shipments to the Caspian Pipeline Consortium (CPC) marine terminal in Novorossiysk following attacks on tankers in the Black Sea.

According to sources, companies are reluctant to send tankers to the terminal. If the suspension of shipments continues through the end of the week, Kazakhstan may be forced to cut oil production.

About 80% of Kazakhstan’s oil exports are transported via the CPC system. In 2024, 63 million metric tons of oil were transported through it, of which 55 million metric tons came from Kazakhstan.

At the same time, Ukraine has denied any involvement in the attacks on the tankers. Ukraine’s Ambassador to Kazakhstan, Viktor Maiko, stated that there is no evidence of Ukrainian involvement and called for restraint from making baseless accusations.

Source: Bloomberg.

Kazakhstan has called on Ukraine to stop attacks on tankers transporting Kazakh oil via the Caspian Pipeline Consortium (CPC) infrastructure in the Black Sea. Officials in Astana stated that such attacks harm the country’s economic interests and warned that they may seek compensation for damages.

Kazakhstan has returned to its usual level of oil production at one of the country’s largest fields—Karachaganak. Following the completion of maintenance work, production has returned to normal levels. This was reported by the Kazakh Ministry of Energy, which noted that the field is once again operating as usual.