CPC Terminal Hit by Drone but Kazakh Oil Exports Continue To Flow

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Despite a Ukrainian drone attack on the CPC terminal, oil exports from Kazakhstan continue uninterrupted, with Chevron's project at the Tengiz field remaining unaffected.

Market Impact

Market impact analysis based on neutral sentiment with 74% confidence.

Sentiment
Neutral
AI Confidence
74%

Article Context

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Loadings of crude oil from Chevron’s project in Kazakhstan continue at the CPC terminal at the Russian port of Novorossiysk on the Black Sea, the U.S. supermajor told Reuters after a Ukrainian attack damaged CPC infrastructure this weekend. Chevron holds 50% in Tengizchevroil, the company operating the huge Tengiz field in Kazakhstan, whose exports go through the CPC pipeline to Novorossiysk. The Caspian Pipeline Consortium (CPC) operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which…

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Original article published by OilPrice.com on December 1, 2025.
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