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.