Kazakhstan's oil production has decreased by 21% after the closure of the CPC pipeline.

Kazakhstan's oil production has recorded a significant decrease of 21%, reaching 1.63 million barrels per day, following the closure of the Caspian Pipeline Consortium (CPC) on July 22.

This pipeline is essential for Kazakhstan's oil exports, accounting for over 60% of Romania's oil imports. The most affected area was the Tengiz field, operated by Chevron, where production decreased by over 50%, from 925,000 bpd to 406,000 bpd.

The Kazakh Ministry of Energy confirmed the production reduction, stating that it was a technical measure to maintain operational stability, considering that the reservoirs were approaching maximum capacity.

The CPC pipeline, which is 1,510 km long, connects the fields in Kazakhstan to the port of Novorossiisk in Russia, being crucial for the country's oil exports.