CPC oil exports down 24% in December, source says

MOSCOW, Jan 16 (Reuters) - Oil exports via the Caspian Pipeline Consortium, which brings oil from Kazakhstan to a Russian terminal in the Black Sea, plummeted by 24% in December, following a drone attack, an industry source familiar with the data told Reuters on Friday.

Exports declined in December from November to 3.98 million metric tons, or around 1.02 million barrels per day, according to the source.

The drop in December contrasted sharply with the rise in exports in previous months in 2025 as production at Kazakhstan's oilfields increased.

Flows rose by around 12% to a record 70.5 million metric tons, or around 1.5 million barrels per day, in 2025, the source said.

CPC did not immediately respond to a request for comment.