CPC's Black Sea terminal prepares to resume oil loadings, sources say
XLE•CPC Black Sea terminal expected to restart loadings
MOSCOW, July 27 (Reuters) - The Caspian Pipeline Consortium's Black Sea terminal on the Russian coast is expected to resume oil loadings later on Monday after a one-week stoppage following drone attacks, three industry sources told Reuters.
CPC, which accounts for more than 80% of oil exports from Kazakhstan, declined to comment.
Oil loadings were suspended a week ago after drone attacks on tankers near or at the terminal, which handles about 2% of global oil supply.
The suspension had led to a sharp reduction of oil output in Kazakhstan.
At more than 1,500 km (940 miles), the CPC pipeline runs from Kazakhstan's Tengiz oilfield in the west of the country via Russia to the port of Novorossiysk on Russia's Black Sea coast.
