CPC to trim exports in January following drone strike on terminal

CPC declined to comment on operational shipment figures. The drop in CPC throughput has prompted exporters to use alternative routes, including China and Germany, though these options are limited.

CPC handles more than 80 per cent of Kazakhstan’s oil exports, linking the Tengiz field and other deposits to a marine terminal at Yuzhnaya Ozereevka near Novorossiysk. Its shareholders include Russia, with a 31 per cent stake, Kazakhstan with 20.75 per cent, Chevron with 15 per cent, and other firms.

(Reporting by Reuters Editing by Tomasz Janowski)