The Caspian Pipeline Consortium (CPC) said Thursday it had carried all the oil it received from Kazakhstan in 2024, without any emergency stoppages or restrictions on transport volumes.

In a statement reported by Tass, the consortium said that "all volumes of oil which shippers delivered to the Tengiz-Novorossiysk system in 2024 were transported to the CPC marine terminal and loaded onto tankers in full."

The CPC also noted that the scheduled works had been announced in advance to the shippers and were considered by Kazakhstan's Energy Ministry when scheduling the oil transportation via the Tengiz-Novorossiysk pipeline.

The announcement follows Kazakhstan's Energy Ministry report on Dec. 17 that its 2024 oil production forecast was cut to 87.8 million tons from a previous forecast of 88.4 million tons. 

According to the Energy Ministry, the volume cut was due to repairs at major fields such as Tengiz and Kashagan, unscheduled shutdowns at the Karachaganak field, restrictions on gas intake by the Orenburg Gas Processing Plant, and planned CPC maintenance shutdowns.

For Kazakhstan, the CPC pipeline system is the most important transportation route: it carries more than two-thirds of the country's oil, plus crude from Russian fields. 

The 1,511-kilometer (939-mile) pipeline links oilfields in western Kazakhstan to a marine terminal near Novorossiysk, Russia, on the Black Sea, where tankers are loaded for global distribution. 

The terminal has three single-point moorings intended to permit safe tanker loading even under bad weather conditions.