Kazakhstan Oil Supply Outage To Last For At Least A Month

Oil exports from Kazakhstan via the Black Sea terminal of the Caspian Pipeline Consortium (CPC) face at least a month of reduced shipments and disrupted loading schedules due to urgent repairs needed at two of the terminal's three Single Point Moorings, CPC said on Tuesday, as carried by Reuters. On Monday, CPC said that Single Point Moorings (SPM) 1 and 2 are temporarily out of service. Earlier this month, while performing scheduled maintenance on SPM-1 and SPM-2, divers discovered cracks in subsea hose attachments to buoyancy tanks, the consortium…