Tengizchevroil Monitors CPC Terminal Operations Amid Ukrainian Strikes on Novorossiysk

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According to Bloomberg, Tengizchevroil, Kazakhstan's largest oil producer, is closely monitoring loading operations at the Novorossiysk CPC terminal following Ukrainian strikes on the facility. The Chevron-led joint venture stated that its output and deliveries to the CPC system may be adjusted based on operational conditions. The CPC terminal is Kazakhstan's primary oil export route, accounting for approximately 80 percent of the country's crude oil exports, with supplies primarily sourced from projects developed with international oil majors including Chevron, ExxonMobil, and Shell.
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