Caspian Pipeline Consortium sees oil transit declining by 2.6% in 2025 compared to plan, RIA reports
ReutersJun 18, 2025 2:05 PM
ST PETERSBURG, June 18 (Reuters) - The Caspian Pipeline Consortium (CPC) expects oil transit to decline by approximately 2.6% in 2025 compared to its plan, to 74 million metric tons, the company's head told Russia's RIA state news agency on Wednesday.
The CPC suffered 2.7 billion roubles ($34.36 million) worth of damage to its pipeline infrastructure due to Ukrainian drone attacks earlier this year, the consortium's head, Nikolai Gorban, said on the sidelines of the St Petersburg Economic Forum.
($1 = 78.5705 roubles)
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