live Hopes for Hormuz deal fade as Trump adds new demands to Iran peace talks
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
Kazakhstan says oil exports via the Caspian Pipeline Consortium (CPC) remain stable after drone strikes on facilities near Novorossiysk, despite damage to key infrastructure and rising risks to a major export route.
Oil shipments through the CPC pipeline are continuing under normal operations, Vice Minister of Energy Sanzhar Zharkeshov said, responding to journalists’ questions about the impact of the recent attacks.
He added that Kazakhstan and its foreign partners in the consortium are taking all necessary measures to ensure the security of oil supplies, while noting that issues related to the military protection of facilities are confidential and not subject to disclosure.
The latest attack took place overnight on 5 April, when Ukrainian drones struck CPC infrastructure in the Novorossiysk area. As a result, a pipeline connected to an offshore mooring system and a loading terminal were damaged, and fires broke out in four fuel storage tanks.
According to Kazakh energy expert Olzhas Baidildinov, the damage and lost revenues linked to attacks since November 2025 exceed $2 billion.
Around 80% of Kazakhstan’s oil exports are transported through the CPC pipeline. The system stretches over 1,500 kilometres, linking oil fields in western Kazakhstan to the Black Sea coast, where crude is loaded onto tankers via the CPC marine terminal.
Among the largest shareholders in the consortium are Russia, through Transneft; Kazakhstan, through KazMunayGas; as well as Chevron, Lukoil, ExxonMobil, Rosneft and Shell.
Ukraine has carried out repeated attacks on Russian oil refineries and crude terminals as part of efforts to undermine a key source of revenue for Russia’s war economy.
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