Chevron is discussing with the US and Kazakh authorities the issue of guaranteeing the operation of the Caspian Pipeline Consortium (CPC). This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
The CEO of the American energy company, Mike Wirth, said that the parties are currently considering ways to protect the CPC from possible disruptions caused by attacks by the Armed Forces of Ukraine. According to him, the probability of a long-term shutdown of the oil pipeline is low.
However, if such a situation occurs, all oil exporters in the region will face difficulties. He said that in a hypothetical case, Chevron could redirect part of the oil by rail or via the Caspian Sea.
Nevertheless, the CPC remains the main and irreplaceable route for oil transportation. The last attack on the Caspian Pipeline Consortium was carried out on July 30. At that time, two oil tankers were attacked by drones near the sea terminal.
"In territorial waters at a distance of six nautical miles from the CPC sea terminal, the tanker Marathi under the flag of the Isle of Man, heading to the CPC sea terminal to receive oil, was attacked," the consortium said in a statement.
In addition, a drone also attacked the tanker Nissos Sifnos under the flag of the Marshall Islands, which was loading oil at the offshore loading terminal. This vessel belongs to Tengizchevroil.
After the attack, a fire broke out on the cargo deck of the tanker. The crew extinguished the fire with the help of three auxiliary vessels of the CPC. There were no casualties. The tanker retained its buoyancy, but oil loading operations were suspended.
CPC representatives noted that Kazakhstan's calls to prevent such terrorist attacks were ignored. According to the company, this situation causes significant damage not only to Kazakhstan, but also to major Western oil companies such as Chevron, Total, ExxonMobil, Shell and Eni.
Today, the CPC is the main route for exporting Kazakh oil. According to the results of 2025, out of a total volume of 78.7 million tons of oil exports, 64.8 million tons were transported through the CPC system. That is, more than 80 percent of oil exported by Kazakhstan passes through the CPC system.
The oil sector remains one of the main sources of revenue for the country's budget. According to the 2025 budget, revenues of 4.88 trillion tenge ($10.4 billion) are planned for the National Fund, including taxes from oil-producing companies. And the guaranteed transfer to the republican budget amounts to 5.25 trillion tenge ($11.23 billion).
In addition, oil companies annually provide a significant portion of tax revenues to the state budget.