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Caspian Pipeline Consortium may curb loadings after Russian inspections

TradeWinds · last updated

Marine loadings of Kazakh oil in the Black Sea will likely face constraints over the next few weeks after the operator of a pipeline announced late on Monday it is suspending the operation of two single-point moorings (SPMs) off Novorossiysk.

Only SPM-3, the third of the three offshore moorings available, will continue transshipment operations, the Caspian Pipeline Consortium (CPC) said in a statement.

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