Photo: www.cpc.ru
Russian President Vladimir Putin has urged foreign shareholders of the Caspian Pipeline Consortium (CPC) to supply equipment for repairing the pipeline attacked by Kyiv, arguing that it is in their own best interest, despite existing sanctions. He made the statement during a government meeting on February 18, as reported by TASS.
«If they are interested in restoring the facility’s operations, then let them, despite all the sanctions, arrange the supply of the necessary equipment. They are doing it for themselves,» Putin said, according to the agency.
The 1,500-kilometer CPC pipeline connects oil fields in western Kazakhstan to a marine terminal in Novorossiysk and is a key export route for the Central Asian republic. The consortium’s shareholders include:
Russia – 24%
Kazakhstan – 19%
Chevron Caspian Pipeline Consortium Company (USA) – 15%
LUKOIL International GmbH (Russia) – 12.5%
Mobil Caspian Pipeline Company (USA) – 7.5%
Rosneft-Shell Caspian Ventures Limited (Russia & UK) – 7.5%
Eni International N.A. N.V. S.à r.l. (Italy) – 2%
BG Overseas Holdings Limited (UK) – 2%
Oryx Caspian Pipeline LLC – 1.75%
Kazakhstan Pipeline Ventures LLC – 1.75%
Last year, CPC transported 63 million tons of oil, with about 74% of that volume belonging to American and other Western shippers. Chevron alone pumped 26.8 million tons through the CPC pipeline in 2024, accounting for around 20% of the U.S. corporation’s global production, according to the consortium’s press service.
On February 17, one of CPC’s key oil pumping stations, Kropotkinskaya, located in southern Russia, was hit by Ukrainian drones. The facility sustained serious damage and was taken out of operation.
The repairs are expected to take between 1.5 and 2 months, which could reduce Kazakhstan’s oil transit volume by 30%. According to Kazakh oil and gas expert Olzhas Baidildinov, this could result in an estimated budget shortfall of $600 million (300 billion tenge). However, he noted in an interview with LS.kz that this reduction would be counted toward Kazakhstan’s OPEC+ production commitments.
