Kazakhstan’s oil exports are in freefall as drone strikes on Russia’s Novorossiysk terminal—key to its Caspian Pipeline Consortium route—force shipping giants like ExxonMobil and Chevron to pull back, crippling Europe’s energy supply and Kazakhstan’s state coffers. Once a Soviet-era shortcut, this 1,500-kilometer pipeline now lies exposed amid war, while domestic fields like Tengiz and Karachaganak face fires, blackouts, and production halts, turning Kazakhstan’s oil empire into a geopolitical powder keg.
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