Caspian Pipeline oil exports drop sharply in November

Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12 per cent in November from October, two industry sources said on Thursday.

CPC, which handles around 80 per cent of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of three key exporting units were severely damaged.