Kazakhstan Reroutes Kashagan Crude After Black Sea Pipeline Attack
Market Intelligence Analysis
AI-PoweredKazakhstan will reroute oil from the Kashagan oilfield to China due to a Ukrainian drone attack on a Russian Black Sea export terminal, impacting 80% of Kazakhstan's oil exports.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
Kazakhstan will reroute some of the oil from at its giant Kashagan oilfield toward China after a Ukrainian drone attack on an export terminal on Russia’s Black Sea reduced loadings of Kazakh crude. At the end of November, a Ukrainian attack damaged infrastructure at the loading terminal of the Caspian Pipeline Consortium (CPC) at the port of Novorossiysk on Russia’s Black Sea coast. CPC operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which handles 80% of Kazakhstan’s…
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