🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Oil-rich regions in Kazakhstan brace for floods, Siberian rivers burst in Russia

Published 19/04/2024, 10:38
© Reuters. An aerial view shows a flooded house in the North Kazakhstan Region, Kazakhstan April 16, 2024. REUTERS/Tamara Vaal/File Photo
LCO
-

YANVARTSEVO, Kazakhstan (Reuters) - Kazakhstan braced on Friday for levels on the Ural River to rise sharply, something that could threaten two of its western regions and key oil infrastructure, while Russia grappled with floods in and near Siberia.

Both countries have in the last few weeks battled the worst floods in decades, which have forced tens of thousands people to evacuate.

Hundreds of people were building a 7-km (4.3-mile) barrier on Friday along the Ural River in the village of Yanvartsevo, in the West Kazakhstan region, about 20 km from the Russian border, which officials said would also protect the regional centre Oral.

The Ural goes through West Kazakhstan and the Atyrau region as it flows into the Caspian Sea, an area also crossed by the Caspian Pipeline Consortium (CPC) pipeline, which pumps 80% of Kazakhstan's vital oil exports.

In the city of Atyrau, local newspaper Ak Zhayik reported many residents were leaving to wait out the peak of the floods in other cities, while some were building sandbag or plastic barriers around their houses.

Kazakh state oil pipeline company KazTransOil said it was building protective embankments at its facilities in the region, including the Atyrau-Samara pipeline, through which crude is pumped for further delivery, via Russia, to Germany's Schwedt refinery.

In Russia, authorities in the Tyumen region in Siberia called for the urgent evacuation of five villages along the Ishim River, instructing people to grab only their documents, medicines and bedclothes.

© Reuters. An aerial view shows a flooded house in the North Kazakhstan Region, Kazakhstan April 16, 2024. REUTERS/Tamara Vaal/File Photo

In the Russian city of Kurgan, water levels in the Tobol river have risen to a record high, Kurgan regional governor Vadim Shumkov said on the Telegram messaging app, and parts of the city on the right bank of the river have been flooded.

More than 15,000 people have been evacuated in the Kurgan region, the TASS news agency cited local authorities as saying.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.