Kazakhstan’s oil exports remain on schedule through the Caspian Pipeline Consortium (CPC) despite damage to a Russian pumping station from a drone attack last week, the country’s energy minister said Wednesday.

The Kropotkinskaya pumping station, located in Russia’s southern Krasnodar region, was struck by a Ukrainian drone on February 17, raising concerns about potential supply disruptions from Kazakhstan, which supplies more than 1% of the world’s oil.

Energy Minister Almasadam Satkaliyev told reporters that there are no restrictions on oil intake and that storage capacity is sufficient to maintain stable operations.

“So far, there is no risk of a decrease in tanker loading volumes,” Satkaliyev said during a briefing.

The CPC pipeline transports oil from Kazakhstan and Russian fields to Russia’s Black Sea port of Novorossiisk. News of potential supply disruptions has influenced global oil markets, sending oil prices to new highs.  

Russian President Vladimir Putin acknowledged the difficulty of repairing the damage, citing the need for Western equipment that is currently subject to sanctions. The CPC said Wednesday that repairs to the pumping station will take two months. 

Meanwhile, the consortium is rerouting oil flows to bypass the damaged facility. 

In 2024, CPC delivered 63 million metric tons of oil—approximately 1.3 million barrels per day—and its exports for the year stood at 9.8 million tons as of February 23. As a result, the company raked-in $2.3 billion in revenue for 2024, with $1.3 billion paid out in dividends, figures that remain largely unchanged from the previous year.