ICYMI – A major Russian oil pipeline will be closed for at least a month

Russia has warned that a major oil pipeline could be out of service for more than a month


Pipeline Consortium transports oil from Western Kazakhstan and Russian oil producers to the Black Sea.

  • an inspection revealed damage to a marine terminal
  • A Russian energy official says repairing the sea terminal near the Black Sea port of Novorossiysk could take six weeks to two months
  • could reduce oil exports by around 1 million barrels per day

I had the headlines about it posted at this time yesterday:

  • According to Energy Intel, Russia’s deputy energy minister says damage to facilities at a Black Sea export terminal could prevent the loading of up to 1 million barrels per day of CPC crude oil Blend for up to two months.


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