BAKU, Azerbaijan, April 19. Damage for Kazakhstan due to the accident at Caspian Pipeline Consortium (CPC) is assessed from 100 to 150 billion tenge ($222.2 million to $333.3 million), Kazakhstan's Finance Minister Yerulan Zhamaubaev said, Trend reports citing Kazakh media.
He said that at this stage, it is too early to name the exact figure, since it all depends on how long the repairs will take place and whether or not there will be further sanctions.
"Thus, the value of damages is estimated in the range from 100 to 150 billion tenge. The in the case that the repairs are done quickly the damage value will be less, of course,” Zhamaubaev told reporters after the Government meeting on April 19.
On March 21 and 22, 2022, after a period of adverse weather conditions, equipment faults on SPM-3 and SPM-2 were found. SPM-3 had a damage in the form of carcass displacement of one of the floating hoses. On SPM-2, hoses 9 and 13 of the inner string were damaged. SPM-2 and SPM-3 are still removed from service. As of April 14, 2022, SPM-2 and SPM-3 systems have been flushed for further repairs.