Kazakhstan's oil output more than halves after Ukrainian strikes shut down its main export route
Kazakhstan's daily oil production dropped by more than half after the Caspian Pipeline Consortium export terminal suspended operations due to Ukrainian attacks on the port of Novorossiysk.
Kazakhstan has cut its daily oil production by more than half, Reuters reported, citing an industry source. On Sunday, July 26, the country produced approximately 1 million barrels per day (133,200 metric tons), down from a June average of 2.16 million barrels per day.
The decline follows the suspension of loading at the Caspian Pipeline Consortium (CPC) export terminal in Novorossiysk, triggered by Ukrainian strikes on the port. Kazakhstan's Energy Ministry announced that the CPC terminal has resumed receiving and shipping oil, but did not comment on the production drop.
Kazakhstan ranks among the world's top 10 oil producers. More than 80% of its oil exports flow through the CPC pipeline. The ministry had stated on July 23 that it temporarily reduced production due to the halted loading at Novorossiysk. Prior to that, Ukraine struck Russian tankers at the CPC terminal for several consecutive days.
