Overview
- CPC briefly halted loadings after a Ukrainian drone damaged a mooring at the Novorossiysk-area terminal, then resumed using a single point mooring.
- Kazakhstan’s oil and condensate output fell to about 1.9 million barrels per day in the first two days of December, down roughly 6% from the November average.
- Deputy Energy Minister Yerlan Akbarov said one mooring is fully operational with no restrictions, though industry sources describe a meaningful cut in throughput.
- An industry estimate puts the loss from operating one SPM at roughly 900,000 tons of loading capacity per week.
- Producers plan to divert more crude via the Baku–Tbilisi–Ceyhan route in December after November shipments from Novorossiysk and CPC dropped to about 2.5 million tons from roughly 3.2 million scheduled due to attacks and storms.