Kazakhstan says oil shipments via CPC pipeline at normal levels
- Country:
- Kazakhstan
Oil shipments via the Caspian Pipeline Consortium (CPC) are at normal levels, a day after a Russian court ordered it suspend operations, Kazakhstan's energy ministry said on Thursday.
Kazakhstan is heavily dependent on the CPC pipeline, which handles about 1% of global oil, to pump its exports to markets in Europe.
A court in Russian city of Novorossiisk on Wednesday ordered the CPC to suspend operations, citing rules on oil spills.
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