Force Majeure Brings A Halt to Baku-Tbilisi-Ceyhan (BTC) Oil Pipeline
Pipeline valve with manometer (© Shutterstock/Krasowit)
In wake of the port of Ceyhan sustaining earthquake damage last week, Kazakhstan's state energy company Kazmunaigaz has postponed the start of oil exports from the giant Tengiz oilfield via the Baku-Tbilisi-Ceyhan pipeline after BP Azerbaijan declared force majeure on loadings from Ceyhan.
According to Reuters, the company expected to ship up to 120,000 tonnes of crude across the Caspian Sea from the port of Aktau to Baku for transshipment to BTC pipeline.
Azeri crude oil exports from Turkey’s Ceyhan port remain halted as well after sustaining earthquake damage, BP Azerbaijan said on Thursday, while Azeri crude oil continued to flow there via a pipeline.
Source / More Information