A Russian oil pumping station, part of the Caspian Pipeline Consortium (CPC), was set ablaze following a suspected Ukrainian drone strike. The Kavkazskaya pump station fire, which began on March 18, was extinguished only a week later, having dramatically expanded. CPC has accused Ukraine of carrying out a 'terrorist' attack, stating the incident has had a detrimental impact on its financial situation and affects all its shareholders. Although proceedings have halted, Chevron insists that production and exports via CPC remain unaffected.
The Russian oil pumping station, targeted by a suspected Ukrainian drone strike, caught fire and halted operations, significantly affecting shareholders of the Caspian Pipeline Consortium.
CPC labeled the attack as 'terrorist,' asserting it will adversely impact financials and all shareholders; the pipeline is a critical export route for Kazakhstan.
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