Photo: Euronews
Recurring disruptions to the CPC infrastructure—which accounts for 80% of Kazakhstan’s oil exports—highlight the growing threat to Kazakhstan’s economic interests posed by the war in Ukraine. There is also a growing threat to the interests of U.S. oil companies Chevron (CVX.N) and Exxon (XOM.N), which have major investment projects in Kazakhstan. Previous suspensions of export shipments have forced this Central Asian country—one of the world’s top ten oil exporters within the OPEC+ group— to temporarily cut production, as it lacks a simple alternative route for supplying crude oil to global markets, Reuters reports.
Logos Press previously reported that disruptions in Kazakh oil supplies to Romania’s largest oil refineries led to higher diesel prices for Romanian agricultural producers. Meanwhile, the Republic of Moldova meets 99% of its gasoline needs and 70% of its diesel fuel needs through imports from Romania.
