Kazakhstan confirms oil losses after Ukrainian attack on CPC pipeline

Kazakhstan’s Minister of Energy, Yerlan Akkenzhenov, provided an update on the country’s oil production following a recent attack by Ukraine on the Caspian Pipeline Consortium (CPC).

According to Caliber.Az, citing Kazakh media sources, Akkenzhenov confirmed that the attack resulted in a loss of 480,000 tons of oil but stressed that the overall production target for 2025 will still be achieved. 

When asked whether the attack affected CPC operations, he responded unequivocally: “Absolutely.”

He added that Kazakhstan’s oil exports could reach 68 million tons in 2025, slightly below the initially planned 72 million tons.

The incident occurred on November 29 at 06:06 Astana time, when unmanned boats damaged the remote mooring device (SPM-2) at Novorossiysk seaport waters.

Following the attack, the Kazakh government placed the situation under special monitoring.

On November 30, the Ministry of Foreign Affairs formally lodged a protest over the incident.

The CPC pipeline system, which transports 80% of Kazakhstan’s exported oil, is a critical component of the country’s budget. With an annual capacity of 83 million tons, it serves as the main route for Caspian oil to reach global markets.

The pipeline carries crude from Kazakhstan’s three major fields: Tengiz, Kashagan, and Karachaganak.

By Tamilla Hasanova