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.
Oops and Hmm…
“If damages are confirmed – it will take about 1.5-2 months. This is a rather serious timeframe and we see the risk of about 1 mln barrels per day may go out. Certainly, we would like that the recovery takes place as soon as possible and consequences are closed out, because this affects Russian companies, this affects in particular on production of Russian companies in the region. Therefore, we will endeavor to rectify these potentially serious consequences,” the official said.