A Ukrainian naval drone during a demonstration in 2024. Photographer: Genya Savilov/AFP/Getty Images
Following attacks on tankers as they were loading Kazakhstani oil at the Caspian Pipeline Consortium (CPC) terminal in the Russian port of Novorossiysk on the Black Sea, Astana is “forced to halt oil pumping” through the pipeline to the CPC terminal and will no longer ship oil via the Black Sea, Bloomberg reports.
Kazakhstan supplies just over 50% of the crude oil refined in Romania, with less than 30% coming from domestic sources and the remaining approximately 20% from Azerbaijan and Iraq.
The Romanian government “will seek solutions if Kazakhstan’s decision to halt crude oil shipments via the CPC pipeline, amid the security situation in the Black Sea, has a serious impact on fuel prices,” Acting Minister of Economy Irineu Darau said on Wednesday, July 22, according to Digi24.
However, he cautioned that any intervention measures must be proportionate, timely, and carefully analyzed to avoid harming the economy.
