DIRS.INFO The most relevant business & tech news

☆ Three dead as storm hits Crimea and Russia's Black Sea coast
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, Nov 27 (Reuters) - Fierce storms killed three people on the Russian and Crimean Black Sea coast on Monday, with hundreds evacuated. Storms have been raging in the Black Sea since Friday. Video published online showed large waves sweeping over the seafront in Sochi, and carrying away cars. The Russian-installed governors of Crimea and Sevastopol, both of which Moscow seized and unilaterally annexed from Ukraine in 2014, declared states of emergency. In the Russian port of Novorossiysk, the Caspian Pipeline Consortium and Russia's Transneft state oil pipeline company announced a halt to loadings due to weather conditions.

Persons: Felix Light, Kevin Liffey Organizations: TASS, Energy Ministry, Caspian Pipeline Consortium, Thomson Locations: MOSCOW, Crimean, State, Sochi, Kerch, Crimea, Russian, Yevpatoriya, Sevastopol, Ukraine, Dagestan, Krasnodar, Rostov, Russia, Novorossiysk

☆ Fire at refinery near major port Novorossiisk put out - Russian authorities
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Oct 29 (Reuters) - A fire that broke out in early hours of Sunday at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery. Earlier, Russia's defence ministry, without providing much detail, said that its air defence systems destroyed 36 Ukraine-launched drones over the Black Sea and the northwestern part of the Crimean Peninsula. The Afipsky plant, which was last attacked in May, can process around 6 million tonnes (44 million barrels) of oil each year. The port of Novorossiisk, together with the Caspian Pipeline Consortium (CPC) terminal, bring about 1.5% of global oil to market. Reporting by Lidia Kelly in Melbourne; Editing by William Mallard and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Lidia Kelly, William Mallard, Raju Gopalakrishnan Organizations: Reuters, Caspian Pipeline Consortium, Thomson Locations: Russia's Krasnodar, Krasnodar, Novorossiisk, Ukraine, Crimean, Kyiv, Crimea, Moscow, Russia, Melbourne

☆ Fire at Refinery Near Major Port Novorossiisk Put Out, Russian Authorities Say
▼ + stars: | 2023-10-28 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - A fire that broke out in early hours of Sunday at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery. Baza and Shot, two Russian news outlets with good security sources, said that the fire at the refinery, which lies 50 miles (80 km) east of the Black Sea port of Novorossiisk, one of Russia's most important oil export gateways, was caused by a drone attack. Earlier, Russia's defence ministry, without providing much detail, said that its air defence systems destroyed 36 Ukraine-launched drones over the Black Sea and the northwestern part of the Crimean Peninsula. The Afipsky plant, which was last attacked in May, can process around 6 million tonnes (44 million barrels) of oil each year. The port of Novorossiisk, together with the Caspian Pipeline Consortium (CPC) terminal, bring about 1.5% of global oil to market.

Persons: Lidia Kelly, William Mallard, Raju Gopalakrishnan Organizations: Reuters, Caspian Pipeline Consortium Locations: Russia's Krasnodar, Krasnodar, Novorossiisk, Ukraine, Crimean, Kyiv, Crimea, Moscow, Russia, Melbourne

☆ Ukraine attacks Russian navy base near Novorossiysk
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Aug 4 (Reuters) - Ukrainian sea drones attacked a Russian navy base near the Black Sea port of Novorossiysk, a major hub for Russian exports, early on Friday and were destroyed by Russian warships, Russia's defence ministry said. The attack prompted the Novorossiysk port to temporarily halt all ship movement, according to the Caspian Pipeline Consortium which operates an oil terminal there. Russian social media users reported hearing explosions and gunfire near Novorossiysk on Friday morning. Russia has also reported an attack by Ukrainian sea drones on its warships which were escorting a civilian vessel. Russian air defences downed 10 Ukrainian drones over Crimea on Friday morning and suppressed three more with electronic countermeasures, TASS cited the Russian defence ministry as saying.

Persons: Tom Hogue, Kim Coghill, Michael Perry Organizations: Caspian Pipeline Consortium, Caspian Pipeline, Astra, TASS, Reuters, Thomson Locations: Russian, Novorossiysk, Russia, Ukrainian, Crimea

☆ Factbox: EU targets sanctions circumvention with 11th package against Russia
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +4 min

- The EU is banning the transit of certain sensitive goods like advanced technology or aviation-related materials, exported from the EU to third countries, via Russia. - Some companies, unable to sell sanctioned goods to Russia, sold Moscow the production rights to these goods so that Russia can produce them locally. The EU has now banned the sale, licensing, transfer or referral of intellectual property rights to Russia for the manufacture of sanctioned goods outside the EU. ENERGY MEASURES- The EU package ends the possibility of importing Russian oil by pipeline to Germany and Poland. OTHER- The EU extends a ban on Russian media broadcasting in the EU to five additional channels.

Persons: Jan Strupczewski, Susan Fenton Organizations: European, Russia, EU, United Arab, Caspian Pipeline Consortium, Ukrainian, Thomson Locations: BRUSSELS, Ukraine, Russia, China, Uzbekistan, United Arab Emirates, Syria, Armenia, EU, Moscow, Russian, Germany, Poland, Japan

☆ Exclusive: Kazakhstan has ramped up oil exports bypassing Russia
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Pavel MikheyevMOSCOW, April 21 (Reuters) - Kazakhstan ramped up oil exports bypassing Russia in the first quarter of 2023 as it seeks to reduce its dependency on its vast neighbour, data from industry sources and Refinitiv showed. While Kazakh oil exports through the Caspian Sea and the Caucasus are relatively small, they have risen sharply since Moscow began what it calls a "special military operation" in Ukraine in February last year. Last year, Kazakhstan's oil exports via routes other than Russia reached 1.8 million tonnes (36,000 barrels per day), up by 638,000 tonnes from 2021. The main, and most profitable, route for oil exports from Kazakhstan remains the Caspian Pipeline Consortium (CPC), which supplies the global market via a Russian Black Sea terminal. Supplies via CPC dipped 1% last year to 51.99 million tonnes, but they still represented more than 80% of total oil exports from Kazakhstan.

☆ Critical for Kazakhstan to pursue oil export options outside of Russia, investor says
▼ + stars: | 2023-03-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Kazakhstan's ability to diversify its seaborne crude oil export routes away from Russian territory is critical to the country's economy, the developer of an alternative port told CNBC. Once complete, the port could provide an alternative to Kazakhstan's main seaborne crude oil export route, which currently transports volumes across Russian territory via the 1,511-kilometer (939-mile) Caspian Pipeline Corporation's pipeline, for later shipment from the CPC terminal near Russian port Novorossiysk. Exports from the CPC terminal were intermittently disrupted in 2022, with Russia citing technical and regulatory issues. "Approximately 95% of oil is going through Russian territory, and we have seen some disturbance last year, and actually … it's quite a threat to the Kazakhstan economy, because we are depending on the oil revenues," Marabayev told CNBC on Wednesday. ExxonMobil's after-tax earnings linked to its Kazakh interests were roughly $2.5 billion in 2022.

☆ Exxon warns of Russia risks to its $2.5 billion Kazakhstan income
▼ + stars: | 2023-02-23 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

HOUSTON, Feb 22 (Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings last year. Threats to Kazakhstan oil exports have been in the spotlight since Moscow invaded Ukraine a year ago this week. Exxon and Chevron (CVX.N) are major holders in the Central Asia country's oil production and related export pipeline. Kazakhstan shares a 4,750 mile (7,644 km) border with Russia and its oil exports travel mainly through a Caspian Pipeline Consortium (CPC) line through Russia and lands at a Russian Black Sea export terminal. Any closure of the CPC pipeline or terminal would shut in more than 1% of global oil supply and cost its producers billions of dollars in lost income.

☆ Russia's Transneft receives Polish and German requests for oil
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +3 min

The EU has pledged to stop buying Russian oil via maritime routes from Dec. 5, with Western nations also imposing price caps on Russian crude oil, but the Druzhba pipeline remains exempt from sanctions. And now we have received requests from Polish consumers: give us 3 million tonnes next year, and 360,000 tonnes for December, and Germany has already submitted a request for the first quarter," Transneft head Nikolay Tokarev said on Tuesday. Transneft, which handles more than 80% of total oil produced in Russia, has cranked up oil exports by a fifth this year, he added. Tokarev also said that oil supplies via the southern spur of Druzhba, which transports oil through Ukraine to Slovakia and the Czech Republic, will remain unchanged next year thanks to a ssanctions exception. Exports via the far eastern port of Kozmino are expected to total 42 million tonnes this year, exceeding usual annual capacity of 30 million tonnes, Tokarev said.

☆ Exclusive: EU embargo diverts Lukoil's Caspian oil to CPC link
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

A European Union embargo from Dec. 5 is set to ban European buyers from purchasing and transporting Russian oil. As a major route for Kazakhstan's oil, CPC oil exports are excluded from the ban. "Russian oil is leaving BTC, the reason is sanctions, BTC doesn't let Russian oil in," - one of the sources said. CPC Blend exported via the CPC pipeline currently trades at a significant discount to Azeri BTC oil, which is supplied via BTC. The main exporters of the Azeri BTC oil are Azerbaijan's SOCAR and BP, as well as Hungarian company MOL, Exxon (XOM.N) and Turkey's TPAO.

☆ Factbox: U.S. offers new details on plan to cap Russian oil prices
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +3 min

Crucially, though, the guidance does not yet state what the price cap will be, something that the United States is still hashing out with its partners. Here are key points from the latest guidance:START AND STOP"While shipping and insurance are covered services, these costs are distinct from the price cap on Russian oil," the guidance stated. Any oil purchased or docked after those times, however, will need to adhere to the price cap. In addition, the price cap only applies to the first "landed" sale outside of Russia, meaning the first point at which the cargo comes ashore. They include trading and commodities brokers, and companies involved in financing, shipping, insurance, flagging, and customs brokering.

☆ Analysis: Shocked by Ukraine war, Russian neighbour Kazakhstan looks west
▼ + stars: | 2022-11-17 | by ( Olzhas Auyezov | ) www.reuters.com time to read: +8 min

Out of total exports of 68 million tonnes a year, 53 million tonnes of Kazakh oil move through it. The chief executive of Khazakhstan's state oil firm KazMunayGaz said this week that the target of 20 million tonnes was a "medium-term" aim. But getting Kazakh oil to Baku requires either tanker shipments across the sea or the construction of a trans-Caspian pipeline. Smailov said last week that Kazakhstan would start by sending an additional 1.5 million tonnes a year via BTC starting from 2023, gradually rising to 6-6.5 million tonnes. Kazakhstan's Aktau port, the only one equipped to load oil tankers, can handle up to 5.5 million tonnes.

☆ Chevron's TCO expects full production to flow through CPC in November
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: 1 min

Companies Chevron Corp FollowOct 28 (Reuters) - Kazakhstan's Chevron-led Tengizchevroil (TCO) expects full production to flow through the Caspian Pipeline Consortium (CPC) in November, the oil major's finance chief said on Friday. CPC, which takes oil from Kazakhstan to the Black Sea via one of the world's largest pipelines, suspended oil loadings from two of three single mooring points at the Yuzhnaya Ozereyevka terminal in August due to storm damage. The repairs are underway and CPC will conclude repairs in weeks or less, Chevron Corp (CVX.N) CFO Pierre Breber told Reuters. Chevron is evaluating options with the Kazakhstan government, but most alternatives, whether rail or pipeline, still go through Russia, according to Breber. Reporting by Sabrina Valle in Houston and Arunima Kumar in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Chevron's TCO to divert 200,000 t of oil to Batumi in October amid CPC maintenance - sources
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermidMOSCOW, Sept 20 (Reuters) - Chevron-led Tengizchevroil (TCO), Kazakhstan's Tengiz oilfield operator, plans to divert 200,000 tonnes of oil to Georgia's Batumi port in October via rail as it seeks alternative routes for its exports due to CPC terminal maintenance, two sources familiar with the company's plans said on Tuesday. The Caspian pipeline Consortium (CPC), the main export route for Kazakhstan's oil, shut two of three loading facilities in its terminal for maintenance, leading to a sharp decrease in loading capacity. Register now for FREE unlimited access to Reuters.com RegisterTCO diverted some oil to Batumi earlier this year, when the CPC terminal also carried out unplanned maintenance. The TCO consortium is owned by Chevron (50%), Exxon Mobil Corp (XOM.N) (25%), Kazmunaigaz (20%) and Lukoil's Lukarco (5%). Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Caspian Pipeline"

14 mentions found