off-the-wire

UPDATE 1-Azeri crude still being piped to Ceyhan -BP Azerbaijan

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds details, background) By Nailia Bagirova BAKU, Feb 9 (Reuters) - Azeri crude oil exports from Turkey’s Ceyhan port remain halted after sustaining earthquake damage, BP Azerbaijan said on Thursday, while Azeri crude oil continued to flow there via a pipeline. The company did not specify how many more days it could continue pumping before storage was filled, adding in a response to a Reuters request for comment that it was evaluating the situation.


Sources previously told Reuters that there were 4 days worth of storage capacity at the Sangachal terminal in Azerbaijan once Ceyhan hits its maximum.


Estimates over when exports could resume varied widely, a shipping agent familiar with the situation said on Thursday, adding that the timeframe for a restart ranged from another 2 days up to 10 days.
(Reporting by Nailia Bagirova and Julia Payne; writing by Noah Browning; editing by Toby Chopra)

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