Russia has temporarily shut down two of the three offshore leading moorings at the Caspian Pipeline Consortium (CPC) terminal near Novorossiysk, reducing Kazakhstan’s oil exports by 50%.
The decision was made following safety inspections conducted by the Federal Agency for Transport Supervision after a major oil spill in the Kerch Strait on December 15, 2024.
The shutdown order, effective April 1, affects the SPM-1 and SPM-2 moorings, limiting...