Lukoil redirects oil from Caspian to Caspian Pipeline Consortium due to EU embargo


Reuters reports that the Russian company Lukoil plans to stop exporting oil from the Caspian fields through the Baku-Tbilisi-Ceyhan (BTC) pipeline.

According to media reports, this will happen in December 2022. The reason is the sanctions against Russia. Lukoil will reportedly channel its flows through the Caspian Pipeline Consortium (CPC), reports...