Russian Court Overturns Suspension Of Caspian Pipeline Consortium Exports

A Russian court of appeals in Krasnodar overturned on Monday a lower court decision that had ordered the suspension of most of Kazakhstan’s crude oil exports from a Russian port on the Black Sea.  Last week, a Russian court ordered the Caspian Pipeline Consortium (CPC), which operates the key export route for two-thirds of Kazakhstan’s crude oil, to suspend activities for 30 days, citing environmental violations. The exports take place from the Russian port of Novorossiysk on the Black Sea. While the port is in Russia,…