Attacks on CPC Cut Kazakhstan’s Oil Output by More Than 10%

Recent attacks on the the key export terminal for Kazakh crude have wiped out more than a 10th of the country’s daily oil output.

Combined production losses since Nov. 29, when the Caspian Pipeline Consortium’s shipping infrastructure on Russia’s Black Sea coast was damaged by Ukrainian attacks, amount to 480,000 tons, Energy Minister Yerlan Akkenzhenov told reporters in Astana, according to Interfax.