Facilities of the Caspian Pipeline Consortium's (CPC) Marine Terminal in Yuzhnaya Ozereevka near the Black Sea port of Novorossiysk, Russia, September 21, 2021. Caspian Pipeline Consortium (CPC)/Handout via REUTERS
By Bloomberg News
Jan 25, 2026 (Bloomberg) –The Caspian Pipeline Consortium said an offshore mooring is back online, enabling crude to flow through a route that accounts for about 90% of Kazakh oil exports.
Repairs at offshore Mooring 3 have now been completed, and both it and Mooring 1 are operating as usual, according to a statement CPC posted on Telegram. A tanker was brought in to transfer oil on Jan. 25.
“The fulfillment of oil shippers’ requests in accordance with annual plans is guaranteed with the simultaneous operation of at least two moorings,” according to the statement.
The Black Sea terminal has been working at reduced capacity since November, when Mooring 2 was hit and severely damaged by a boat drone.
Read More: Kremlin Says Ukrainian Strike on CPC Terminal Was Outrageous Given its International Importance
At the time, Mooring 3 was offline for planned repairs, which left only one loading facility operational and significantly reduced seaborne oil shipment options for Kazakhstan.
Mooring 2 remains out of service and CPC didn’t provide an update for when it will come back online.
The snags at the Black Sea terminal weighed on the country’s production in December, when output slipped to just over 1.5 million barrels a day, according to estimates from the Organization of the Petroleum Exporting Countries. Tengiz, one of the biggest fields in Kazakhstan, was also halted temporarily following a power outage.
© 2026 Bloomberg L.P.
This article contains reporting from Bloomberg, published under license.
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