Caspian pipeline's damaged pumping station will be back online by end-May

Reuters
10 Apr
Caspian pipeline's damaged pumping station will be back online by end-May

MOSCOW, April 10 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Thursday it expects its damaged Kropotkinskaya pumping station to be back in operation by the end of May.

Moscow accused Ukraine of striking the pumping station and a nearby oil depot in southern Russia in February.

The General Staff of the Ukrainian armed forces said then that it had attacked Russian energy infrastructure, including the CPC pumping station and the nearby Ilsky oil refinery.

The Caspian pipeline, which ships more than 1% of daily global supply, stretches over 1,500 km (939 miles) and carries crude from Kazakhstan's Tengiz oilfield on the northeastern shores of the Caspian Sea as well as from Russian producers.

(Reporting by Olesya Astakhova. Writing by Lucy Papachristou. Editing by Jane Merriman)

((Lucy.Papachristou@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10