Weathering The Storm

Dec 1 2023 Black Sea disruptions bring Kazakhstan production in focus

A storm in the Black Sea last week disrupted crude oil flows from both Russia and Kazakstan. Up to 2 million barrels per day (Mb/d) of production from Kazakhstan and Russia was affected as crude oil tankers were unable to load. This had a significant impact on the Caspian Pipeline Consortium (CPC), pipeline, which is the main export conduit for crude oil from Kazakhstan’s Tengiz, Kashagan and Karachaganak fields. Kazakh exports have been disrupted on several occasions in 2023 due to a variety of issues, including damage to loading infrastructure, and legal and geopolitical issues.

This week we will take a look at the production and exports from Kazakhstan as well as other crude oil exports from the Black Sea.

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