Russian Court Rules CPC Oil Export Capacity Should Stay Open

A district court in Russia has ruled that the moorings of the main export terminal for Kazakhstan’s oil should all remain open, which will likely avert a drop-off in Kazakhstan’s crude oil exports. Early this week, Russia ordered shut two of the three moorings of the main oil export terminal on Russia’s Black Sea coast handling Kazakhstan’s oil exports. The order for the closure of the two moorings was issued following snap safety inspections by Russia’s Federal Agency for Transport Supervision, prompted by the oil…