Repairs to two damaged loading points could take 2-3 weeks ‘Significant’ production losses to be avoided Relief for markets tightened by fears for Kazakh export-grade Kazakhstan’s CPC crude oil loadings at the Russian port of Novorossiisk are to resume from one of the three loading points on March 25 following a shutdown resulting from storm damage, Kazakh energy minister Bolat Akchulakov said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Loadings of Kazakhstan’s main export crude grade were completely halted on March 23 after damage was discovered at two of the three loading points in the Russian Black Sea port, adding to tightness in global markets amid fears of a lengthy shutdown. Landlocked Kazakhstan relies on a 1,500 km pipeline across Russia for the bulk of its exports of the light, relatively low-sulfur crude. CPC Blend is a major supply source for world […]