Aug 06 2008

Explosion on BTC Pipeline

by in Uncategorized

Poor BTC. It’s my favorite pipeline (Is it weird to have a favorite pipeline? Yeah, I guess it is). The Kurdistan Workers’ Party (PKK) has claimed responsibility, but whether this explosion was due to a terrorist attack has yet to be verified.

An explosion on the Baku-Tbilisi-Ceyhan (BTC) pipeline on Tuesday night in eastern Turkey has halted the oil flow along the one million barrels per day pipeline, a senior Turkish Energy Ministry official said.

“The fire is under control, but we need 24 hours from now to extinguish it. After the fire is put out, we can look at the damage and say when it will be possible to reopen the line,” the source said speaking on condition of anonymity.

A spokeswoman for British Petroleum, a shareholder in the pipeline, said oil flows were halted after a fire damaged a valve on a section in eastern Turkey, but exports from the Ceyhan port terminal continued from storage.

[...]

The pipeline, one of the world’s biggest, pumps over one million barrels per day from fields in the Azeri sector of the Caspian Sea to the Turkish Mediterranean coast, covering over one percent of global oil supply.
The BTC is an alternative to the Baku-Novorossiisk pipeline that takes Azeri oil to Russia, from where it is sold on to Europe.

The cause of the explosion was not immediately known.

“Whether it is sabotage or some other reason, we still don’t have that information. At this point all our efforts have been focused on putting out the fire completely,” said the Energy Ministry official.

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