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19 Mar, 16:43

CPC revenues, dividends to dip due to strike against pump station — Transneft

Oil throughput from rail tank-cars to the connecting pipeline to the Kropotkin Pump Station of the Caspian Pipeline Consortium takes place via the Kavkazskaya Pump Station

MOSCOW, March 19. /TASS/. A drone attack of the Kiev regime against the Kavkazskaya Pump Station (PS) in the Krasnodar Region will lower revenues of the Caspian Pipeline Consortium (CPC), the Russian pipeline operator Transneft (a CPC shareholder) said.

"The Kavkazskaya does not belong to the consortium legally but the strike against it will affect scheduled operations. As a consequence, revenues of CPC and dividends of its shareholders, with US companies among them, will decline," the company said.

Oil throughput from rail tank-cars to the connecting pipeline to the Kropotkin Pump Station of the Caspian Pipeline Consortium takes place via the Kavkazskaya Pump Station.

The demonstrative attack of the Kiev regime against the Kavkazskaya Pump Station clearly shows attempts of Ukraine to disrupt peace initiatives of the US and Russia, Transneft added.