Russia stopped the transfer of Kazakh oil to Europe

According to the International Economy Group of Fars News Agency, Sputnik News Agency reported that a court in Russia today ordered a 30-day suspension of the activities of the Caspian Pipeline Consortium (CPC); This pipeline brings oil from Kazakhstan to the Black Sea through one of the largest pipelines in the world.

Technical issues identified by Russia’s consumer protection watchdog (Rospotrebnadzor) were cited as the reason for the suspension.

But the Reuters news agency wrote in this regard, Operator The CPC has stated that the suspension order is related to the oil spill paperwork that the consortium should have complied with.

The company also announced the request appeal Presented to the court of the city of Novorossiysk, Russia, and asked this court to enforce the sentence to avoid consequences impossible Delay returns for pipeline equipment.

CPC transports one percent of the world’s oil. Companies Chevron And Exxon The United States active in this pipeline are forced to comply with this order.

Oil exports from the CPC terminal in the Black Sea continued until Wednesday morning, two sources familiar with the terminal’s operations told Reuters.

Oil supplies from the fields to the CPC pipeline have continued uninterrupted since Wednesday morning, three other industry sources said.

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