The Caspian Pipeline Consortium (KTC) temporarily suspended oil…
The Caspian Pipeline Consortium (KTC) temporarily suspended oil transportation due to drone attacks on its Novorossiysk marine terminal on July 30, but Kazakhstan's Ministry of Energy stated that a complete shutdown is not being considered. Oil reception and reservoir filling continue, with daily intake at 100,000 tons since August 1, pending timely tanker positioning for loading.
Consensus
- The Caspian Pipeline Consortium (KTC) has temporarily suspended oil transportation operations.
- The Ministry of Energy of Kazakhstan stated that a complete shutdown of KTC is not being considered.
- Oil reception from shippers and reservoir filling continue despite the suspension.
- Since August 1, the daily oil intake volume has been 100,000 tonnes.
- The continuation of transportation depends on timely positioning of tankers for loading at the marine terminal.
- Drone attacks on KTC infrastructure occurred in July, including on July 30.
- Two tankers were attacked on July 30 at the Novorossiysk terminal, one of which caught fire.
- The Ministry of Energy of Kazakhstan and the Ministry of Foreign Affairs of Kazakhstan have condemned the attacks on KTC infrastructure.
Points of divergence
- Bloomberg reported that KTC planned a permanent suspension of oil operations, pending security guarantees from Ukraine or other countries, including the US. — interfax
- An emergency shareholders' meeting considered suspending operations until security guarantees were provided. — interfax
- On July 20, KTC suspended oil shipments after drone attacks on four tankers (NELSA, ASIA, NISSOS IOS, Nordic Zenith), and later had to suspend oil reception, leading Kazakhstan to reduce oil production. — interfax
- On July 27, Kazakhstan's Ministry of Energy reported the resumption of oil transportation and shipments at the marine terminal. — interfax
- On July 30, the tanker NISSOS SIFNOS (flag: Marshall Islands) was attacked and caught fire during loading, and the tanker MARATHI (flag: Isle of Man) was attacked 6 nautical miles from the terminal. — interfax
- Chevron, together with the governments of Kazakhstan and the US, is discussing guarantees for uninterrupted KTC operations. — kommersant
- Mike Wirth, head of the energy company, stated that a prolonged shutdown of the project is unlikely. — kommersant
Coverage (3 sources)
- CTK stopped the operation of the oil pipeline — Коммерсантъ
- Kazakhstan does not consider the possibility of a complete halt of KTK — Вести
- In Kazakhstan's Ministry of Energy, officials assured that a complete shutdown of KTK is not being considered — Интерфакс