CPC in the news: Ukraine-Russia tensions spike over Black Sea oil targets; CPC ships Kazakh crude from Tengiz to Novorossiysk amid sanctions and attacks. CPC is a Kazakh-Russian oil pipeline consortium (Tengiz to Novorossiysk).
Ukraine launched drone strikes on key Russian oil infrastructure in Novorossiysk, damaging a mooring point and igniting fires at oil reservoirs. The strikes target Russia's Black Sea export facilities amid ongoing conflict, impacting global oil supplies and Russia's energy exports.
Ukraine and Russia have announced a temporary ceasefire from Saturday to Sunday, coinciding with Orthodox Easter. Ukraine has expressed willingness to abide by the truce, while Russia describes it as a humanitarian measure. Both sides have previously declared short truces amid ongoing hostilities, with concerns over violations and the potential for lasting peace.