Russia closes Kazakhstan's main terminal on oil export to Europe


July 6, Fineko/ The Primorsky District Court of Novorossiysk has decided to suspend the activities of the Caspian Pipeline Consortium (CPC) from 5 July for 30 days.

ABC.AZ reports that Rostransnadzor revealed a number of documentary violations following the results of an audit conducted in March on the initiative of Deputy Prime Minister Viktoria Abramchenko in order to assess the technical condition of hazardous production facilities of the Caspian Pipeline Consortium and compliance with environmental requirements during their operation.

On 6 June, the consortium was issued an order to eliminate the detected violations, a protocol on an administrative offense was drawn up under Part 4 of Article 14.1.2 of the Code of Administrative Offenses (carrying out business activities in the field of transport with a gross violation of the conditions provided for by the license).

CPC is the main export route of Kazakh oil and accounts for more than 80% of oil transported through the pipeline. The pipeline capacity is 67 million tons of oil a year.