Russia denies plans to target U.S. interests in the Caspian Sea pipeline

Investing.com – Russian Kremlin spokesman Dmitry Peskov stated on Friday that Russia has no intention of undermining the commercial interests of the United States in the Caspian Pipeline Consortium (CPC).

Peskov responded to remarks from several Russian experts, including state television, who suggested that Russia should ban oil supplies from Kazakhstan via the CPC in response to Washington’s sanctions against Russia.

The major shareholders of the CPC include American oil giants Chevron and ExxonMobil, and the consortium exports oil from a terminal in Russia’s Black Sea.

“In addition to our American partners, there are also our partners from Kazakhstan involved; despite various difficulties, Russia remains a reliable guarantor of global energy security,” Peskov told reporters during a daily conference call.

The CPC terminal is located near the Russian Black Sea port of Novorossiysk. Ukrainian drones have previously attacked this terminal, forcing the consortium to scale back operations due to these attacks.

Peskov accused Ukraine of the attacks on the terminal as “energy extortion,” stating that these attacks have caused losses to companies in Russia, the United States, and Kazakhstan.

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