Kazakhstan exports about 3.8 mln tonnes less of oil owing to attacks on CPC - Energy Ministry
MOSCOW. Jan 28 (Interfax) - Kazakhstan has exported approximately 3.8 million tonnes less of oil owing to the attacks on the Caspian Pipeline Consortium (CPC), Kazakh Energy Minister Yerlan Akkenzhenov said.
"We lost approximately 3.8 million tonnes of oil through the CPC; these are exports. [...] We have not exported approximately 3.8 million tonnes of oil," Akkenzhenov said on Wednesday at a briefing.
"This is a pricing issue. This oil was not exported and remains unsold. It will be sold at future prices," Akkenzhenov explained.
Akkenzhenov said that once the oil has been sold, then "we will receive all the data on all transactions, and then I can talk about this [the financial losses]."
The Energy Ministry said that the oil is currently in storage and "will be sold in the future."
As reported, on November 29, 2025, an attack using unmanned boats disabled the single-point mooring (SPM-2) at the CPC terminal in the Black Sea. On January 13, 2026, drones attacked the Matilda and the Delta Harmony tankers, which were scheduled to transport Kazakh oil, near the CPC terminal. The Kazakh Energy Ministry and KazMunayGas confirmed the attack, reporting that the Matilda tanker was flagged to Malta, and the Delta Harmony was flagged to Liberia.
The Matilda was scheduled to load oil on January 18, but the Delta Harmony was attacked while awaiting loading. Therefore, the cargo tankers were empty at the time of the attack, preventing damage to Kazakhstan's export resources. No crew members were injured.
The CPC connects oil fields in western Kazakhstan and Russian ones on the Caspian Sea shelf with the marine terminal in Novorossiysk. The route's length is 1,500 km. The system is the main export route for Kazakh oil, accounting for more than 80% of the volumes pumped via the pipeline from Kazakhstan. The CPC is capable of transporting approximately 72.5 million tonnes of oil per year from Kazakh territory and up to 83 million tonnes of oil per year through Russia.
The shareholders of the CPC are the Russian Federation (31%, comprised of 24% managed by Transneft and 7% on its balance sheet); Kazakhstan (20.75%, represented by KazMunayGas at 19% and Kazakhstan Pipeline Ventures LLC at 1.75%); Chevron Caspian Pipeline Consortium Company (15%); Lukoil International GmbH (12.5%); Mobil Caspian Pipeline Company (7.5%); Rosneft-Shell Caspian Ventures Limited (7.5%); BG Overseas Holding Limited (2%); Eni International N.A. N.V. (2%); and Oryx Caspian Pipeline LLC (1.75%).
