Finance
CPC resumes Russian oil loadings after suspension due to drone attacks
Published by Global Banking and Finance Review
Posted on November 25, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 25, 2025
2 min readLast updated: January 20, 2026
CPC resumed oil loadings after Ukrainian drone attacks temporarily halted operations at its Russian terminal. The pipeline is crucial for Kazakhstan's crude exports.
MOSCOW (Reuters) -The Caspian Pipeline Consortium (CPC) resumed loadings on Tuesday after overnight attacks by Ukrainian drones, two sources familiar with the matter said.
CPC said earlier that it had temporarily suspended oil loadings at its Russian Black Sea terminal near Novorossiisk due to an the Ukrainian drone attack which had damaged its office.
It did not provide further details, referring to previous statements about its operations which usually resume once air raid warnings are cancelled.
One industry source said that CPC's operations had been largely unaffected.
The CPC pipeline is a key export route for Kazakhstan's crude to global markets, with most volumes shipped to Europe and Asia. Russia also supplies smaller volumes to the CPC system.
CPC's shareholders include U.S. majors Chevron and Exxon Mobil.
CPC Blend oil exports were revised down in November to about 1.45 million barrels per day from 1.55 million bpd, according to sources.
One of the sources familiar with the loadings said that the November export plan may not be completed in full due to multiple suspensions this month amid drone attacks and bad weather.
Government officials in Russia's southern Krasnodar region said earlier on Telegram that five high-rise residential buildings and two private homes had sustained damage in the Ukrainian attack.
They said falling drone debris had triggered fires at two sites and emergency services were bringing them under control.
Four people were reported injured.
Drone fragments were also reported to have smashed windows and damaged buildings in Krasnodar, the region's administrative centre. One person in a village south of Novorossiisk was also reported to have been injured.
(Reporting by Reuters bureau in Moscow. Additional reporting by Ron Bousso in London. Editing by Andrew Osborn and Mark Potter)
The Caspian Pipeline Consortium (CPC) is a major oil pipeline system that transports crude oil from Kazakhstan to the Black Sea, facilitating exports to global markets.
Drone attacks involve the use of unmanned aerial vehicles to carry out strikes, often targeting military or strategic locations, which can disrupt operations in affected areas.
Oil loading refers to the process of transferring crude oil from storage facilities or pipelines onto tankers for transportation to refineries or international markets.
Oil exports are crucial for countries that produce oil, as they generate revenue, support economic stability, and influence global oil prices.
Bad weather can disrupt oil operations by causing delays in loading, transportation, and safety concerns, potentially affecting supply chains and market stability.
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