Kazakhstan Prepares To Boost Oil Exports

The Caspian Pipeline Consortium (CPC) is expected to complete the repairs at one of the mooring points at its Black Sea oil export terminal within three days, Kazakhstan’s Prime Minister Alikhan Smailov said on Thursday, in what could soon mark an increase in Kazakh oil shipments. Kazakhstan’s oil production and exports have been lower in recent months due to a partial outage at the huge Kashagan oilfield due to a gas leak and urgent repairs needed at two of the CPC’s terminals on the Black Sea. The 1,500-km CPC pipeline from…