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CPC terminal repair may lead to export drop by 1 mln barrels of oil per day — Ministry

In cases damages confirmed, the repair of facilities at the marine terminal of the Caspian Pipeline Consortium may take 1.5-2 months

Marine terminal of Caspian Pipeline Consortium Yuri Bereznyuk/TASS

Marine terminal of Caspian Pipeline Consortium

© Yuri Bereznyuk/TASS

MOSCOW, March 22. /TASS/. The repair of facilities at the marine terminal of the Caspian Pipeline Consortium near the Black Sea port of Novorossiysk may take 1.5-2 months and result in oil export drop by about 1 mln barrels per day, Russian Deputy Energy Minister Pavel Sorokin said, cited by the Ministry’s press service.

"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.

Facilities were damaged because of a heavy storm, the deputy minister said. There are three oil loading facilities on the site, one was damaged and the other one is under survey, Sorokin noted. "This is an extremely hazardous situation in terms of environment, no spills, no damages to the water area are allowed," he added.

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