Russia warned a major oil pipeline could be out of service for more than a month
- due to storm damage
The
Pipeline Consortium carries oil from West Kazakhstan and Russian oil producers to the Black Sea,.
- an inspection revealed damage to a marine terminal
- A Russian energy official said the repair of the marine terminal near the Black Sea port of Novorossiysk could take six weeks to two months
- may shrink oil exports by about 1 million barrels per day
I had the headlines on this posted around this time yesterday:
- Russia's Deputy Energy Minister was reported by Energy Intel as saying the damage to facilities at a Black Sea export terminal could prevent the loading of as much as 1 million barrels per day of CPC Blend crude oil for up to two months.
