Drone strike cripples Caspian pipeline, fuels oil price surge
The drone attack on the Caspian pipeline in Russia led to a 30% reduction in oil exports from Kazakhstan, reports the government-affiliated service UNITED24 Media in Kyiv.
Following the drone attack on the Caspian pipeline's pumping station in Russia, oil exports from Kazakhstan dropped by 30%. According to UNITED24 Media, infrastructure repairs could last up to two months. The pipeline, operated by the Caspian Pipeline Consortium, is vital not just for Russia but also for several Western companies with international operations.
Increase in oil prices on global markets
Oil prices have surged after the attack. Brent crude futures rose by $0.44 to $75.66 per barrel, and WTI increased by $0.91 to $71.65. The attack influenced market sentiment, which for weeks has been shaped by supply expectations.
The Caspian Pipeline Consortium labelled the attack as an act of terrorism but did not reveal the drones' origin. A Ukrainian official, speaking anonymously, confirmed that Kyiv was behind the attack. Drones also targeted the Ilsky refinery, which provided fuel for Russian military operations.
The Caspian pipeline is the primary export route for Kazakh oil, which constitutes about 1% of the global supply. Among the shareholders are American companies Chevron and Exxon Mobil, as well as British company Shell. Analysts suggest that oil prices might stay under pressure despite short-term spikes.
Ukrainian drones in action
Ukrainian drones are crucial in operations against Russian territory. These sophisticated machines are the result of Ukraine's rapid advancements in military technology.
Drones UJ-22 and Rubaka are also critical players in Ukraine's arsenal. The UJ-22 can operate in extreme conditions with a range of up to 800 km, carrying payloads of 20 kg. The Rubaka, with a range of 500 km, is capable of precise strikes on Russian artillery.
Ukrainian combat drones, as reported by Defense Express, can carry bombs weighing 250 kg. These machines, often modified light aircraft, can be reused multiple times, enhancing their efficiency. Thanks to optical and targeting systems, these drones accurately hit targets.
