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BP closes Baku-Tbilisi-Ceyhan oil pipeline

British Petroleum (BP) has closed the Baku-Tbilisi-Ceyhan oil pipeline for maintenance works, ITAR-TASS quoted a company employee as saying. British Petroleum heads the BTC consortium and, besides operating the pipeline, has a 30.1-percent share of the project, exceeding that of the State Oil Co. of Azerbaijan, which owns 25 percent.The pipeline starts from the Sangachal Terminal near Baku in...

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Energy Security and the PKK Threat to the Baku-Tbilisi-Ceyhan Pipeline

In the wake of the conflict in Georgia, the future of energy transportation from the Caspian basin and Central Asia to world markets is once again on the agenda. By looking at the attack by the Kurdistan Workers’ Party (PKK) on the Baku-Tbilisi-Ceyhan (BTC) pipeline in August, we will discuss how growing instability in the region highlights the interconnectedness for Turkey of security of energy...

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Baku-Tbilisi-Ceyhan pipeline to be launched next week

BP says that the pipeline will resume its work next week. However, the temporary termination has had a negative effect on the pipeline. After the military conflict in the Caucasus broke out, western c...

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BP says Baku-Ceyhan oil pipeline to resume operations

BP Plc said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion Baku-Tbilisi-Ceyhan (BTC) pipeline damaged bya fire two weeks ago.The line can

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BP says Baku-Ceyhan oil pipeline to resume operations

LONDON (Reuters) - BP said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion (2.1 billion pounds) Baku-Tbilisi-Ceyhan (BTC) pipeline damaged by a fire two weeks ago.

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Oil supplies to Turkey to resume after Baku-Ceyhan pipeline blaze

Oil supplies from Azerbaijan to Turkey, cut following a recent fire at the Turkish section of the Baku-Tbilisi-Ceyhan pipeline, will be resumed shortly, the Turkish operator said on Wednesday

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Turkey promises to resume oil export via Baku-Tbilisi-Ceyhan pipeline within several days

"Turkey promises to resume oil export via Baku-Tbilisi-Ceyhan pipeline within several days Baku, Fineko/abc.az. Botas International Ltd, BTC technical operator on the Turkish segment, connected with fire extinguishing makes all possible efforts to resume oil delivery stopped on August 6 in the shortest period. Minister of Energy of Turkey Hilmi Guler said the oil delivery could be resumed within...

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Russia’s bid to control Caspian energy

Over 1 million barrels of oil per day are shipped from Azerbaijan and Kazakhstan across Georgia to its Black Sea ports, and via the large Baku-Tbilisi-Ceyhan pipeline to the Turkish port of Ceyhan on the Mediterranean Sea, where supertankers operate. Exports through Georgia were to increase to around 2 million barrels per day, and could eventually include significant volumes of natural...

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The age of perma-fleecing

Over at European Tribune, Jerome (an investment banker, previously with an oil portfolio including the Baku-Tbilisi-Ceyhan pipeline and now focusing on wind projects) lays out how in times of plenty the public gets hit, and when things get tight or exceedingly tight the public gets hit. For “gets hit” read “fleeced”. So how to interpret [...]

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Tsakos Energy Navigation Announces Appointment of Mr. Richard Paniguian to Board of Directors

... He played a leading role in support of the TNK-BP joint venture; in delivering the Baku Tbilisi Ceyhan pipeline project; in driving for new gas exploration in Libya, Egypt and Oman; and in completing BP's first oil project in Angola. In 2007 he was appointed Commander of the British Empire (CBE) for services to business. Between 2002 and 2007 he was Chairman of the Egyptian British Business...

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New trends in the City

... oil trust plans for the Caspian region by questioning the viability of the strategic Baku-Tbilisi-Ceyhan pipeline. The flow was even interrupted during the conflict, causing to the International ruling consortium a loss of a billion dollars. Sure enough, the pipeline is now overexposed to probable Ossetian sabotage retaliation, in response for Georgian mass murder. The Azerbaijan's government...

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Azerbaijan diverts EU oil to Russia and Iran

... through Europe's only direct import route from the energy-rich Caspian Sea – the Baku-Tbilisi-Ceyhan (BTC) pipeline - and to increase exports to Russia. But Elhar Nasirov, vice-president of Socar, the Azeri state oil company, told the Financial Times on Thursday (25 September) that Azerbaijan would continue exporting oil to Russia and Iran even though shipments through Georgia had resumed,...

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BP says BTC oil pipeline in brief shutdown

LONDON (Reuters) - The BP-led Baku-Tbilisi-Ceyhan (BTC) oil pipeline has shut down for a short period of maintenance, BP said on Tuesday as indications emerged of delays to October exports.

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Ara Kochunyan: we should not fear that opening of border will damage Armenia's security

... state. After the war in South Ossetia, the Turkish authorities concluded that the Baku-Tbilisi-Ceyhan had better go through Armenia. Ankara understands that Armenia is the most stable and predictable country in the region,” he said.