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CPC says it temporarily halted oil loadings from Russia's Novorossiysk during drone attack

25 November 2025 16:04 (UTC +04:00)

The Caspian Pipeline Consortium (CPC) said on Tuesday it had temporarily suspended oil loadings at its Russian Black Sea terminal near Novorossiysk due to an overnight Ukrainian drone attack which had damaged its office, APA reports, citing Reuters.

It did not provide further details, referring to previous statements about its operations which usually resume once air raid warnings are cancelled.

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One industry source said that CPC's operations had been largely unaffected.

The CPC pipeline is a key export route for Kazakhstan's crude to global markets, with most volumes shipped to Europe and Asia. Russia also supplies smaller volumes to the CPC system.

CPC's shareholders include U.S. majors Chevron (CVX.N), and Exxon Mobil (XOM.N).

CPC Blend oil exports were revised down in November to about 1.45 million barrels per day (bpd) from 1.55 million bpd, according to sources.

Government officials in Russia's southern Krasnodar region said earlier on Telegram that five high-rise residential buildings and two private homes had sustained damage in the Ukrainian attack.

They said falling drone debris had triggered fires at two sites and emergency services were bringing them under control.

Four people were reported injured.

Drone fragments were also reported to have smashed windows and damaged buildings in Krasnodar, the region's administrative centre. One person in a village south of Novorossiysk was also reported to have been injured.