Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Kazakhstan to divert some Kashagan oil to China after Ukraine hit
    Finance

    Kazakhstan to Divert Some Kashagan Oil to China After Ukraine Hit

    Published by Global Banking & Finance Review®

    Posted on December 10, 2025

    3 min read

    Last updated: January 20, 2026

    Add as preferred source on Google
    Kazakhstan to divert some Kashagan oil to China after Ukraine hit - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasInternational trade

    Quick Summary

    Kazakhstan redirects Kashagan oil to China following a Ukrainian attack on the CPC terminal, impacting global crude supply.

    Kazakhstan to Redirect Kashagan Oil to China After Attack

    ASTANA, Dec ‌10 (Reuters) - Kazakhstan said on Wednesday it would redirect some oil from its Kashagan field to China and ‍other routes ‌after a Ukrainian drone attack last month on the Caspian Pipeline Consortium's Black Sea terminal in Russia.

    The ⁠decision was announced by the energy ministry after ‌Reuters reported earlier this week that Kazakhstan plans to supply crude to China directly from Kashagan for the first time after the Ukrainian attack damaged the CPC terminal.

    The CPC, which accounts for 1% of global crude supply and includes Russian, Kazakh ⁠and U.S. shareholders, has had to reduce exports because a key part of its loading infrastructure - a single-point mooring (SPM) - was damaged in ​the attack.

    CPC also accounts for around 80% of Kazakh oil exports.

    Kazakhstan's oil ‌pipeline operator Kaztransoil separately said on Wednesday that ⁠the country will ship 72,000 metric tons, or 17,400 barrels per day, of oil to China.

    It will also raise supplies to the Atyrau-Samara pipeline to Russia by 232,000 tons and to the Baku-Tbilisi-Ceyhan ​pipeline by 58,000 tons this month compared to an initial plan.

    "Additionally, throughout December 2025, Kaztransoil will provide oil-producing companies with the option of temporary crude storage in its tank farm facilities," it said.

    Ukraine has stepped up attacks on Russian energy infrastructure since August in an effort to hurt funding for Russia's army, but ​its decision ‍to strike CPC facilities has been ​condemned by Kazakhstan and the Kremlin given its global significance and international participation.

    Most oil from Kashagan is usually exported via the CPC to the terminal at Novorossiysk for onward shipment.

    The Kazakh energy ministry said the Ukrainian attack had not led to a complete export halt.

    "The Ministry, together with shippers, is carrying out urgent work to redistribute oil volumes," it said, adding: "Measures have also been taken to redirect a certain volume of Kashagan ⁠oil to China".

    Oil is produced at Kashagan by the NCOC consortium, which includes China's CNPC and Japan's Inpex.

    The Atasu-Alashankou pipeline, which is due to take the ​oil from Kashagan, runs from Kazakhstan to the Xinjiang region of China but usually carries it from other fields in Kazakhstan.

    Russia's largest oil producer Rosneft, which is under U.S. sanctions, supplies around 10 million tons of oil, or 200,000 barrels per day, via the route.

    The offshore Kashagan field, ‌one of the biggest discoveries in recent decades, is being developed by Eni, Shell, TotalEnergies, ExxonMobil, KazMunayGaz, Inpex and CNPC.

    (Reporting by Tamara Vaal, writing by Vladimir Soldatkin; Editing by Andrew Osborn, Alexandra Hudson and Alexander Smith)

    Key Takeaways

    • •Kazakhstan redirects Kashagan oil to China after CPC terminal attack.
    • •Ukrainian drone strike damages Caspian Pipeline infrastructure.
    • •Kaztransoil plans increased oil shipments to China and Russia.
    • •Kazakhstan condemns the attack due to its global significance.
    • •Kashagan field is a major oil source with international stakeholders.

    Frequently Asked Questions about Kazakhstan to divert some Kashagan oil to China after Ukraine hit

    1What is the Caspian Pipeline Consortium?

    The Caspian Pipeline Consortium (CPC) is a major oil pipeline system that transports crude oil from Kazakhstan to the Black Sea, involving shareholders from Russia, Kazakhstan, and the U.S.

    2What is the Kashagan oil field?

    The Kashagan oil field is one of the largest oil fields in the world, located in the Caspian Sea, and is a significant source of crude oil for Kazakhstan.

    3What are oil exports?

    Oil exports are the sale and shipment of crude oil from one country to another, which can significantly impact a country's economy and trade balance.

    4What is a single-point mooring (SPM)?

    A single-point mooring (SPM) is a buoy anchored to the seabed that allows tankers to load and unload oil at sea, facilitating offshore oil transport.

    More from Finance

    Explore more articles in the Finance category

    Image for Trading Day: Giving peace a chance
    Trading Day: Giving Peace a Chance
    Image for Nexi appoints Bernardo Mingrone as CEO
    Nexi Appoints Bernardo Mingrone as CEO
    Image for UN adopts Ghana's slavery resolution, defying resistance from US, Europe
    UN Adopts Ghana's Slavery Resolution, Defying Resistance From Us, Europe
    Image for Saab presses on with Peru fighter campaign despite political headwinds
    Saab Presses on With Peru Fighter Campaign Despite Political Headwinds
    Image for Italy's MPS board revokes CEO Lovaglio's powers
    Italy's Mps Board Revokes CEO Lovaglio's Powers
    Image for KKR-backed OHB taps banks for share sale, Bloomberg News reports
    KKR-backed Ohb Taps Banks for Share Sale, Bloomberg News Reports
    Image for Shares of Western gas exporters reap war windfall as Qatar flows dry up
    Shares of Western Gas Exporters Reap War Windfall as Qatar Flows Dry Up
    Image for Exclusive-US links security guarantees to Ukraine giving up Donbas, Zelenskiy says
    Exclusive-US Links Security Guarantees to Ukraine Giving up Donbas, Zelenskiy Says
    Image for Thyssenkrupp, Jindal steel sale talks falter on pension, energy costs, sources say
    Thyssenkrupp, Jindal Steel Sale Talks Falter on Pension, Energy Costs, Sources Say
    Image for M&S targets faster fashion cycle with launch of monthly capsules
    M&s Targets Faster Fashion Cycle With Launch of Monthly Capsules
    Image for Submit Your Nominations for CFO of the Year 2026
    Submit Your Nominations for CFO of the Year 2026
    Image for EU not doing enough to unblock cross-border services, auditors say
    EU Not Doing Enough to Unblock Cross-Border Services, Auditors Say
    View All Finance Posts
    Previous Finance PostHomebuilder Berkeley Confident on London Outlook Despite Weaker First-Half
    Next Finance PostFirstGroup Wins $4 Billion London Overground Rail Contract, Shares Rise