Damaged equipment at the Black Sea terminus of the CPC pipeline caused another supply outage. According to CPC, two of the three mooring points at Novorossiysk have been shut down. Repairs have yet to be organized, and the company did not specify how long this will take. The flow of crude oil from Kazakhstan via Russia has been interrupted by damaged equipment at the Black Sea terminus of the CPC pipeline, Reuters has reported , citing the pipeline’s operator. The 1,500-km CPC pipeline from the giant Kazakh oilfields in the Caspian Sea to Novorossiysk, on the Russian Black Sea coast, moves over two-thirds of all Kazakhstan export oil along with crude from Russian fields, including those in the Caspian region. According to CPC, two of the three mooring points at Novorossiysk have been shut down, leaving only one to handle Kazakh oil exports. The company’s majority shareholder, Russian state […]