Storm-caused damage to the equipment has forced the Caspian Pipeline Consortium to partially cease operations
A remote mooring device © Caspian Pipeline Consortium
The Caspian Pipeline Consortium (CPC) – one of the world’s key pipelines – was forced to suspend the operation of one of the remote mooring devices at its Marine Terminal near Novorossiysk due to “critical” storm-caused damage to the equipment. As a result of the incident, the oil deficit on the world market is expected to increase significantly, according to experts.
The pipeline, which ships around 1.2 million barrels of crude oil daily from Kazakhstan to Europe and the US, said in a statement the condition of two hoses has not allowed “safe operation of the device.”
“We have to eliminate any risk of oil getting into the sea, so, of course, this equipment was to be decommissioned for preventive maintenance,” CPC Director General Nikolay Gorban explained.