Kazakhstan lost 480,000 tonnes of oil output after CPC attacks, but 2025 plan remains on track — Energy MinistryAttacks on the Caspian Pipeline Consortium (CPC) infrastructure have resulted in losses of 480,000 tonnes of oil production for Kazakhstan, but the country still expects to meet its 2025 output target, Energy Minister Yerlan Akkenzhenov said Thursday.“As of today, losses from the latest CPC attack amount to 480,000 tonnes [from November 29] to the present day. The production targets for this year will be met,” Akkenzhenov told reporters.He added that the 2026 production plan has not yet been finalized, but output is expected to be lower than in 2025 due to three scheduled maintenance shutdowns at major oil fields.“We haven’t adopted next year’s plan yet. Of course, [it will be reduced] for there will be three turnaround projects at the largest oil fields, so the output targets will be adjusted accordingly,” he said.Kazakhstan plans to produce 96.2 million tonnes of oil in 2025.On the morning of November 29, an attack involving unmanned surface vessels damaged the Single Point Mooring unit SPM-2, owned by the Caspian Pipeline Consortium (CPC), at the port of Novorossiysk. The CPC, which has Russian, Kazakh, and American shareholders, was forced to reduce exports due to the damage to SPM-2.The Kazakh Energy Ministry said Kazakhstan would redirect oil exports via alternative routes. At the same time, the ministry noted that oil shipments through the Caspian Pipeline Consortium (CPC) were continuing without restrictions.Kazakhstan’s Foreign Ministry lodged a protest with Ukraine over what it described as another deliberate attack on CPC critical infrastructure.On December 10, the Energy Ministry reported that Kazakhstan would reroute part of Kashagan crude flows to ChinaThe CPC links oil fields in western Kazakhstan and Russian fields on the Caspian shelf to the maritime terminal in Novorossiysk. The route spans 1,511 kilometers and serves as the primary export channel for Kazakh oil, accounting for over 80% of the volumes pumped from Kazakhstan through the pipeline. The system has an annual capacity to transport approximately 72.5 million tonnes of oil from Kazakh territory and up to 83 million tonnes overall via Russia. In 2024, the consortium shipped 63.01 million tonnes through the system, with expected transportation volumes for 2025 projected to be around 72-74 million tonnes.The shareholders of the CPC are: the Russian Federation (31%, comprised of 24% managed by Transneft and 7% on its balance sheet); Kazakhstan (20.75%, represented by KazMunayGas at 19% and Kazakhstan Pipeline Ventures LLC at 1.75%); Chevron Caspian Pipeline Consortium Company (15%); LUKOIL International GmbH (12.5%); Mobil Caspian Pipeline Company (7.5%); Rosneft-Shell Caspian Ventures Limited (7.5%); BG Overseas Holding Limited (2%); Eni International N.A. N.V. (2%); and Oryx Caspian Pipeline LLC (1.75%). (ICE ALMATY)

Fonte notizia: INTERFAX