Kazakh oil output risk averted after Russia court rejects terminal suspension

The partial suspension of operations at a Black Sea loading terminal had raised concerns that Kazakhstan oil producers might have to reduce output

Oil storage tanks of the Caspian Pipeline Consortium's marine export terminal in Yuzhnaya Ozereyevka near the Black Sea port of Novorossiysk in Russia.
Oil storage tanks of the Caspian Pipeline Consortium's marine export terminal in Yuzhnaya Ozereyevka near the Black Sea port of Novorossiysk in Russia.Photo: CASPIAN PIPELINE CONSORTIUM/REUTERS/SCANPIX
Published 4 April 2025, 15:39Updated 4 April 2025, 16:10
Caspian Pipeline ConsortiumKazakhstanRussiaTransneftTengiz