Timeline for major Caspian oil pipeline repair revealed ...News

Russia sanctions banning parts delivery delay crude supplies to the US and EU Repairs to two of the three mooring points of the Caspian Pipeline Consortium (CPC) pipeline damaged by a storm in Russia’s section of the Black Sea “will take, tentatively speaking, at least three to four weeks,” its operator said on Monday. The CPC is one of the world’s key crude routes, pumping oil from Kazakhstan to global customers in the West. According to a company statement, weather conditions offshore of the marine terminal have now allowed an inspection of its single-point mooring 1 (SPM-1) equipment, and it was found to be ser

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