Kazakh company says new mooring unit for CPC to be delivered shortly, Interfax reports

ALMATY, March 26 (Reuters) - Kazakhstan’s state energy company Kazmunaygas said one new single‑point mooring (SPM) unit for the Caspian Pipeline Consortium (CPC) would be delivered shortly, Interfax reported on Thursday.

The CPC accounts for about 80% of Kazakhstan’s oil exports. Its operations have been disrupted at various points in the Ukraine war by Ukrainian attacks on pumping stations in Russia and by drone strikes on its loading terminal near Novorossiysk on Russia’s Black Sea coast.

The terminal, which handles 80% of Kazakhstan’s crude exports and about 1.5% of global oil supply, currently has three SPMs of which two are normally operational and one is used as a back-up.