Kazakhstan and its flagship CPC Blend oil exports emerge from a turbulent and bloody 2022 in better shape than many would have expected, with exports high and set to rise, and political stability increased. The year gone by has seen heightened risk to the stability of CPC crude exports, starting with bloody unrest in Kazakhstan in January 2022 that was accompanied by upstream disruption, followed by Russia’s invasion of Ukraine and fears of a knock-on hit to exports via the 1,500 km (932 mile) CPC pipeline from Kazakhstan, through Russia’s Black Sea port of Novorossiisk.
展开▼
