Kazakhstan oil flow cut by Black Sea drone attacks on Caspian Pipeline

Drone attacks near the Black Sea port of Novorossiysk disrupted operations at the Caspian Pipeline Consortium (CPC) terminal, slashing oil loadings by up to one‑fifth in July. The pipeline, which moves Kazakh crude to Russia, saw output fall more than 20 % behind schedule to roughly 1.2‑1.3 million barrels per day, representing about 1.8 % of global oil supply. Kazakhstan’s oil production dropped 14 % in July as a result, and the country has few alternative export routes, threatening revenue and market stability.

Russia’s foreign ministry blamed Ukrainian forces for the attacks, though Kyiv has not claimed responsibility. CPC declined comment on the disruptions. Kazakhstan’s energy ministry said the situation was “under control,” but repeated halts continued through early August. The ongoing instability adds to broader supply concerns already heightened by the Middle‑East conflict and a pending $80 billion investment dispute over the Kashagan field.