Business
Exclusive | Chevron Is Trying to Keep Its Kazakh Assets Out of the Russia-Ukraine War
Chevron Chief Executive Mike Wirth spoke with Trump administration officials earlier this week about a pressing matter: how to keep the U.S. oil giant’s massive operations in Kazakhstan from becoming collateral damage in the Ukraine-Russia war.
A recent Ukrainian drone attack hit four tankers, including one chartered by Chevron, in the Black Sea near Novorossiysk. The Russian port is a key oil export hub and the termination point for a pipeline, partly owned by Chevron, that feeds 2% of the world’s daily oil supplies. Crude loadings have since been restricted at the pipeline, forcing Kazakhstan to curb oil production because it has limited storage capacity.
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