Launch of CPC Mooring Is Delayed Again Amid Bad Weather

A tanker and the terminal of the Caspian Pipeline Consortium, left, in the Black Sea near Novorossiysk, Russia.

Source: AP Photo

The relaunch of a second mooring at the Caspian Pipeline Consortium terminal has once again been delayed, according to two people familiar with the situation.

Last week, work to enable the restart was expectedBloomberg Terminal to conclude around Dec. 21 — later than previously anticipated but still ahead of the original mid-January timeline.