Caspian Pipeline Consortium

The Caspian Pipeline Consortium (CPC) is a major international consortium that operates a pipeline system transporting crude oil from oil fields in Kazakhstan, and some from Russia, to the Black Sea port of Novorossiysk, Russia. This pipeline is crucial for exporting Kazakh oil to global markets. CPC is newsworthy due to recent escalations in the Black Sea conflict between Ukraine and Russia. Specifically, Ukrainian naval drones have targeted oil tankers traveling to Novorossiysk, a key loading point for CPC-transported oil. While the articles do not explicitly state the targeted tankers were CPC-owned or directly transporting CPC oil, the attacks near Novorossiysk, a major Russian oil terminal, raise concerns about potential disruptions to CPC operations and the flow of Kazakh oil exports. These events highlight the vulnerability of energy infrastructure in the region and the potential for the conflict to impact global oil markets.