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quote: ➡️ Kazakhstan and CPC are caught between a rock and a very hard place. ➡️ On one hand, in 2 weeks, drones deliberately targeted at least 4 tankers loading at CPC's moorings, a very direct threat that is practically impossible for shipowners to ignore. ➡️ On the other hand, CPC accounts for ~80% of Kazakhstan's oil exports, which makes its full operation not optional for the country. ➡️ With ~1.5mmbpd of crude flows going through this one terminal, this question is also very important for global markets. If it wasn't for the ongoing closure of the Strait of Hormuz and the attempted restrictions on the Bab el-Mandeb strait, this would be the top oil story of the week. #oott | #Kazakhstan's energy ministry said on Saturday that a complete stoppage of the Caspian Pipeline Consortium's operations was not being considered and that the current situation was under control. The CEO of Chevron said on Friday that the pipeline is currently flowing and ships are loading this week, after CPC said it had suspended oil loadings on Thursday following a drone attack on a tanker. #oott marketscreener.com/news/full-stop…
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