Finance

CPC says oil flows bypassing damaged pumping station

Published by Global Banking and Finance Review

Posted on February 21, 2025

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MOSCOW (Reuters) - The Caspian Pipeline Consortium (CPC) said on Friday that oil flows via the Tengiz-Novorossiisk system were bypassing a pumping station damaged by a Ukrainian drone strike and that oil loadings at the sea terminal were continuing as normal.

The CPC, which carries virtually all of Kazakhstan's oil exports, saw reduced flows after a Ukrainian drone strike hit the Kropotkinskaya pumping station in southern Russia this week.

(Reporting by Reuters, Writing by Felix Light; Editing by Andrew Osborn)

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