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. Damage assessment and repairs are underway at Turkey's Ceyhan oil terminal, an official and an industry source said on Friday, four days after the earthquake, adding that exports from the BTC pipeline could resume from Sunday unless problems are found. (Reporting by Reuters; Editing by Jan Harvey and Emelia Sithole)
(Adds background)
MOSCOW, Feb 10 (Reuters) - 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 oil loadings from
Ceyhan, four market sources said on Friday.
"Force majeure was declared in Ceyhan, and (Tengiz) crude
supplies to BTC were put on hold," a market source said.
Kazakhstan's state-owned Kazmunaigaz (KMG) planned to begin
oil shipments in February via the BTC pipeline from its share in
Tengizchevroil (TCO), which it co-owns with U.S. oil major
Chevron and other shareholders.
The company expected to ship up to 120,000 tonnes of crude
across the Caspian Sea from the port of Aktau to Baku for
transhipment to BTC pipeline.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.