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Kazakhstan Crude Production Dips 6% After Black Sea Drone Attack

Barchart·12/29/2025 11:38:02
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Following the Ukrainian drone attack that damaged a key export terminal on Russia’s Black Sea at end-November, Kazakhstan’s crude and condensate production has fallen by 6% so far in December compared to the average output in November, an anonymous industry source told Reuters on Monday.  A Ukrainian attack damaged infrastructure through which the Caspian Pipeline Consortium (CPC) exports most of Kazakhstan’s oil near the Russian port of Novorossiysk on the Black Sea.  Oil has continued to flow, but at lower rates, while…