Russia stops transporting Kazakh oil to Europe
Russia The government had previously given time until November 30 to eliminate the problems. However, the regional transport regulator demanded the immediate closure of the terminal on July 6
Russia The court of the Caspian Belt Consortium (CPC) issued a decision to suspend the operation of the pipeline transporting Kazakh oil to the Russian port of Novorossiysk on the Black Sea for 30 days.
USAThe CPC, which also includes Chevron and Exxon, said the court’s July 6 decision was related to oil spills and that the consortium court must obey the decision.
However, CPC said on its website that it will appeal this decision:
“Caspian Belt Consortium Russia It operates within the framework of the legislation of the Federation and court decision execution is forced to do. This decision will be appealed in accordance with the law.”
Although this pipeline supplies 1 percent of global oil, 80 percent of Kazakhstan’s oil is exported through it.
The pipeline transports oil to the terminal in Novorossiysk. This terminal exports 67 million tons of oil per year.
USA sanctions
The United States has imposed sanctions on Russian oil because of the Kremlin’s unjustified and unprovoked attack on Ukraine.
However USA stated that Kazakh oil can be transported through Russian territory without obstacles.
The CPC said on July 6 that Russian Deputy Prime Minister Viktoria Abramchenko ordered regulators, including Rostechnadzor, to inspect the section of the pipeline on Russian territory.
According to the information, the Russian side has discovered some “documented” violations in the field of work with oil leaks. An oil spill occurred at the mentioned terminal last year.
According to the CPC, the Russian side states that the consortium’s plan for emergency measures in case of oil spills is incomplete.
Before that, the Russian government had given time until November 30 to eliminate the problems.
However, the regional transport regulator demanded the immediate closure of the terminal on July 6.
Continuous process
The Interfax agency wrote on July 5 that the stoppage of oil transportation aims to prevent possible damage to the environment.
This too news it is given that the operation of the pipeline was already stopped once this year due to the failure of the Black Sea terminal.
Meanwhile, Kazakhstan’s state-run KazTAG agency reports that the CPC has asked the court to suspend the decision to cut off oil supplies.
The consortium’s application states that law prohibits the application of measures that may cause irreparable damage to production.
The petition states that the pipeline in question must operate continuously and its interruption may lead to unpleasant, unavoidable and uncontrollable processes.