Blaze at Russian Oil Depot Extinguished After Drone Attack

A fire at an oil depot in Russia's Krasnodar region caused by a suspected Ukrainian drone attack was extinguished after nearly a week. The depot, crucial for Russia's oil exports via the CPC, suffered significant damage. Firefighters managed to control the blaze, alleviating potential global market disruptions.

A massive fire at an oil depot in southern Russia's Krasnodar region, suspected to be triggered by a Ukrainian drone attack, has finally been extinguished a week after it began.

The Kavkazskaya depot, a pivotal point for Russia's oil exports, especially through the Caspian Pipeline Consortium (CPC), suffered extensive damage. The fire raised immediate concerns over a potential downturn in global oil supplies. The depot's proximity and its function of transporting Kazakhstan's oil amplify its strategic importance.

Region governor Veniamin Kondratiev reported that over 470 firefighters were deployed to combat the inferno, managing to extinguish the flames that consumed two reservoirs completely. Despite the blaze, suppliers continued to deliver significant oil volumes throughout the last year, highlighting the depot's vital role in oil distribution.

(With inputs from agencies.)