Gold, oil face the dollar heat Aug 9, 2008
Oil had risen on Thursday due to the disruption of supplies through the Baku-Tblisi-Ceyhan pipeline following a blast this week in Turkey. The pipeline was still burning, halting loadings of Azeri Light crude shipped to the Turkish port of Ceyhan, but the fire could be extinguished on Friday or Saturday. (India Times)
BP Pipeline in Eastern Turkey Is Still Burning, Delaying Start of Repairs Aug 9, 2008
Aug. 8 (Bloomberg) -- A fire that's closed 's Baku- Tbilisi-Ceyhan oil pipeline in eastern Turkey may keep burning today and tomorrow, delaying the start of damage assessment, Turkey's Energy Ministry said ... The fire started late on Aug. 5 and halted shipments from the Turkish port of Ceyhan ... The port of Ceyhan has the capacity to hold up to 7 million barrels of crude and has a 2. (Bloomberg -- UK)
Oil market ignores Turkey troubles Aug 9, 2008
The Baku-Tbilisi-Ceyhan (BTC) pipeline at Refahiye in eastern Turkey has been on fire since the blast on Tuesday and was expected to be closed for about two weeks ... The BTC was inaugurated in 2006, carrying oil from the Caspian Sea fields to Turkey's Mediterranean port of Ceyhan, from where tankers transport the crude to Western markets. (Business Report, South Africa)
* Eight arrested after blasts rock building in Istanbul Aug 8, 2008
Meanwhile, a Turkish official told Anatolia news agency yesterday that the Baku-Tbilisi-Ceyhan oil pipeline (BTC) would remain shut for about 15 days after an explosion sparked a fire in a section in eastern Turkey ... The BTC pipeline was inaugurated in 2006, carrying oil from the Caspian Sea fields to Turkeys Mediterranean port of Ceyhan, from where tankers transport the crude to Western markets. (Taipei Times, Taiwan -- World)
Crude Oil Heads for Weekly Decline as Consumption Slows and Dollar Gains Aug 8, 2008
Nymex WTI found a strong initial bid yesterday morning'' after the shut-in of the Baku-Tbilisi-Ceyhan, or BTC, pipeline could last up to two weeks, , an energy analyst and president of the Schork Report, said in his daily note ... The Brent contract ``hardly budged,'' even as it's more prone to supply disruptions between the Caspian and Ceyhan. (Bloomberg -- UK)
Crude rebounds after attack on key pipeline Aug 8, 2008
The pipeline, which can pump 1m barrels a day of crude from the Azeri sector of the Caspian sea to Ceyhan on Turkeys Mediterranean coast, might not open for several weeks as a fire is still burning following the explosion. EDITORS CHOICE. (FT.com -- Markets)
Crude Oil Trades Near $119 After Supply Gains, Dollar Climbs Aug 7, 2008
Not even a force majeure declaration on the Baku-Tbilisi- Ceyhan pipeline yesterday could excite any real buying interest,'' , an energy analyst and president of the Schork Report, said in his daily note. That's bearish. (Bloomberg)
India keen to join Turkey pipeline plan Jul 29, 2008
The route will travel from the Black Sea oil terminal Samsun to Ceyhan on Turkey's Mediterranean coast, thence through an undersea pipeline to Israel's Ashkelong port. From there, over land to Eilat in the Gulf of Aqaba. (India Times, India)
A war just waiting to happen Jul 16, 2008
Georgia is also a strategic transit country for the Anglo-American Caspian oil pipeline from Baku in Azerbaijan through Georgia to the Turkish port of Ceyhan. As well, the Baku-Tbilisi-Erzurum gas pipeline has been key to Azerbaijan as an alternative to the control of the Russian state monopoly Transneft in order to convey its oil and gas resources toward the West. (Asia Times Online)
File: Turkey offers alternative to Iran pipeline Jun 26, 2008
During his visit to India, Turkey's foreign minister Ali Babacan (the first visit by a Turkish foreign minister in 30 years) has proposed that oil from Central Asian countries like Kazakhstan, Azerbaijan and even Georgia be transported through Turkey's massive pipeline infrastructure to Ceyhan port ... The Ashkelon-Eilat pipeline is a functioning one, as is the Baku-Tbilisi-Ceyhan pipeline which started work in 2006 ... Tel Aviv and Ankara have announced plans to carry water, electricity,... (India Times, India)
The Battle for the Golan Jun 6, 2008
The plan provides for the pumping of two to three billion cubic meters of water a year - more than the current total combined consumption of Israel and the Palestinian Authority - from two rivers, the Ceyhan and the Seyhan, in southeastern Turkey, for use in Syria, Lebanon, Israel, Jordan and the Palestinian Authority. The water would be channeled from Turkey, which enjoys a huge water surplus, in underground pipes and overland canals through western Syria to the southern slopes of Mount Hermon,... (Jerusalem Post, Israel)
World slips on oil mess as demand outpaces supply May 29, 2008
The breakdown of the Ceyhan Turkey pipeline that feeds European markets has added to the supply constraints. And even as fuel supplies are hit, demand for some products like gasoline is set to rise in the coming months. (India Times)
Letter from Europe Apr 23, 2008
Its port city of Ceyhan receives one million barrels of Azerbaijani oil daily through the Baku-Tbilisi-Ceyhan pipeline. Turkey's push for more control over Nabucco, and more revenue, clashes with the EU's proposal that Turkey - like Bulgaria, Romania, Hungary and Austria - collect only transmission fees tied to costs. (International Herald Tribune)
Turkey Seeks Expanded Role in Gas Pipeline, Roiling Europe It Aims to Join Apr 22, 2008
Its port city of Ceyhan receives 1 million barrels daily of Azerbaijani oil through the Baku-Tbilisi-Ceyhan pipeline. Turkey's push for more control over Nabucco, and more revenue, clashes with the EU's proposal that Turkey -- like EU members Bulgaria, Romania, Hungary and Austria -- collect only transmission fees tied to costs. (Bloomberg -- Europe)
Futures:• Traders Take Profits After Crude Oil Hits Record; Dollar's Skid Continues Mar 1, 2008
Crude from Iraq's northern oil fields to Turkey's port of Ceyhan resumed after a technical snag was repaired, an engineer from Iraq's Northern Oil Co. said. The dollar fell against the euro and to a three-year low against the yen after a weaker-than-expected reading of a Midwest business activity index. (Investors Business Daily)
Turkey offers oil pipe lifeline Feb 27, 2008
Under the plan, oil transported through Turkey's extensive pipeline infrastructure from Central Asia to its Ceyhan port would be sent across the Mediterranean Sea by tanker to Israel's port of Ashkelon ... The 1,768-kilometer Baku-Tbilisi-Ceyhan pipeline, which carries a million barrels of oil a day from Azeri and Kazakh oil fields and the Caspian Sea - the world's third-largest oil and gas reserve - to the Turkish Mediterranean port of Ceyhan, has been in operation since 2006 ... Costs could... (Asia Times Online)
NORTHERN IRAQ Feb 25, 2008
An official in Iraq's Northern Oil Company said the fighting would not hit Iraqi oil exports to the Turkish port of Ceyhan because the pipeline did not pass through the conflict area. U.S. Defense Secretary Robert Gates -- who will visit Ankara later this week -- said on Sunday Turkey's campaign would not solve its problems with the rebels. (AlertNet)
Oil rises above $99 on Iran warnings Feb 25, 2008
Iraq's state-owned Northern Oil Company said on Sunday Iraq's oil exports to Ceyhan in Turkey will not be disrupted. Oil surged to a record $101. (International Herald Tribune)
FUTURES MOVERS Crude ends higher; gains over $3 for the week Feb 24, 2008
The incursion raised worries that military strikes could damage northern Iraq's 600-mile crude pipeline, which carries about 500,000 barrels a day of crude from Iraq's northern fields to Turkey's port of Ceyhan on the Mediterranean Sea. Economic concerns Government data showed Thursday that U.S. crude inventories rose for a sixth week in the week ended Feb. 15, up 4. (MarketWatch)
Azerbaijan: Washington, Baku Concerned About PKK Cells In Caucasus Feb 16, 2008
Those concerns focus on a 1,770-kilometer pipeline that carries Caspian oil from Baku through Georgia and on to southeastern Turkey s Mediterranean port of Ceyhan. About 20 million ethnic Kurds are scattered mainly in northern Iraq, Syria, Iran, Turkey, and Azerbaijan. (EurasiaNet.org)
Refugees in their own homeland Dec 26, 2007
The region also sits astride a key oil pipeline that takes Iraqi crude to market via the Turkish port of Ceyhan. Viewing Kirkuk as the key to an economically viable independent state, the Kurdish regional government has encouraged hundreds of thousands of Kurds to move back to Kirkuk in the past few years, and now won't let them return to their former exile in the north, threatening to cut off government handouts if they do. (Globe and Mail)
Iraqi oil exceeds pre-war output Dec 15, 2007
In its latest monthly Oil Market Report, the IEA puts the Iraqi increase in production down to improved security on the main oil pipeline from Iraq's northern oilfields to the port of Ceyhan in Turkey. The [BBC] survey's results suggest that only 2% of Basra residents believe that British troops have had a positive effect on the province since they helped the US overthrow Saddam Hussein in March 2003. (BBC News -- Africa)
Winter weighs on Turkey's options Nov 1, 2007
The PKK has also threatened to cut the oil pipeline to the Turkish port of Ceyhan and even strike oil tankers heading for Turkey ... In the event of economic sanctions by Turkey, Iraq's government may save the PKK the trouble of cutting the pipelines to Ceyhan ... Iraqi speaker of Parliament Mahmud al-Mashhadani warned on October 25 that the Iraqi government would cut the flow of oil to Ceyhan should Ankara apply sanctions. (Asia Times Online)
Turkey determined to turn the screws Oct 30, 2007
"Northern Iraq cannot be pressured," he said, adding, "Iraq is a rich country and if there are pressures, we will cut off the Ceyhan pipelines.". Erdogan is furious with both the US and the European Union for not doing their share in hunting down PKK terrorists. (Asia Times Online)
Turks Say US Pressure Won't Stop Attack Oct 26, 2007
"Iraq is a rich country, and if there are economic pressures, we will cut off the Ceyhan pipeline," Mahmoud al-Mashhadani told reporters, referring to two pipelines that carry oil from northern Iraq to Turkey's Ceyhan oil terminal on the Mediterranean. The Iraqi parliament does not have authority to suspend oil contracts, however, although lawmakers could pressure the government to punish Turkey. (Mattoon Journal-Gazette, IL)
Turkey's patience running out after rebel attack Oct 26, 2007
A pipeline from Iraq's Kirkuk oilfield to Turkey's Ceyhan port has pumped about 300,000 barrels per day since late August. Public pressure on Turkish authorities to act has grown since rebels killed 12 soldiers last weekend. (AlertNet)
Oil Flirts With $90 Oct 19, 2007
Although parliamentary approval of a Turkish incursion into Iraqi Kurdistan on Wednesday spiked oil prices on fears that supplies would be disrupted, analysts are skeptical that Turkey will launch a ground invasion sizeable enough to disrupt the modest crude exports from Kirkuk in Iraq to Ceyhan in Turkey. Turkey's aim is to strike back at the Kurdish PKK group, which has been blamed for cross-border raids and several terrorist attacks on Turkish military targets. (Forbes -- Markets)
Lex: Oil on a tear Oct 19, 2007
Only a trickle of oil flows through the main pipeline linking the region to Ceyhan on the Turkish coast, anyway. Iraq does export around 1. (FT.com -- Markets)
Turkey approves Iraq incursion plan Oct 18, 2007
Fearing possible rebel sabotage, Turkey has beefed up security for a major oil pipeline carrying Caspian crude from the Azeri capital Baku via Georgia to the Turkish Mediterranean port of Ceyhan, a senior energy ministry source told Reuters. Mr. Bush repeated U.S. concerns. (Globe and Mail)
What is driving oil prices so high? Oct 18, 2007
In particular, there are concerns about potential Kurdish reprisals on an important pipeline in Turkey, which delivers 700,000 barrels a day from Azerbaijan to the port of Ceyhan. The situation in northern Iraq is just one of a number of geopolitical factors which are causing uncertainty in the market and helping to push prices up. (BBC News -- Business)
Oil prices drop to mid-$87 in Asia Oct 17, 2007
An incursion would threaten the pipeline that runs from Kirkuk, in Iraq, to the Turkish export terminal of Ceyhan. While exports of crude from Kirkuk to Ceyhan have been sporadic since the U.S.-led invasion of Iraq in 2003, oil has been flowing the past two months and in recent days was being shipped at a rate of nearly 500,000 barrels a day, Dow Jones Newswires reported. (Anchorage Daily News)
Turkey to approve troop move as Iraq urges restraint Oct 17, 2007
Fearing possible rebel attacks, Turkey has beefed up security for a major oil pipeline carrying Caspian crude from the Azeri capital Baku via Georgia to the Turkish Mediterranean port of Ceyhan, a senior energy ministry source told Reuters. In comments implying military action might be averted, Iraqi Vice-President Tareq al-Hashemi said in Ankara on Wednesday he had achieved his aims in emergency talks with Turkish leaders. (Yahoo News -- Top Stories)
Futures:• Crude Oil Gushes To An All-Time High As Middle East, Supply Worries Linger Oct 16, 2007
"The escalation in Turkey could threaten supplies both from Ceyhan and the Baku-Ceyhan pipelines, jeopardizing well over 1 million barrels per day of supplies into the Mediterranean," said Nauman Barakat, senior vice president at Macquarie Futures USA.. Even as tensions build over the Turkey-Kurdish rebel situation, Iraq is in talks for a long-term Kirkuk crude supply contract to Turkey, industry sources said. (Investors Business Daily)
Timeline: Georgia Sep 29, 2007
2003 May - Work begins on laying Georgian section of oil pipeline to run from Baku in Azerbaijan through Georgia to Ceyhan in Turkey ... 2006 July - Baku-Tbilisi-Ceyhan pipeline formally opened after Caspian oil starts flowing along it. (BBC News -- Europe)
Iraqi oil exports to north rise Sep 27, 2007
Iraq's state oil company now has 15 million barrels of crude for sale at the Turkish port of Ceyhan this month, the. And foreign oil investors are taking notice. (Christian Science Monitor)
Turkey: Ankara Seeks Role As East-West "Energy Bridge" Aug 28, 2007
One attractive project being explored is a potential LNG liquefaction terminal in Ceyhan to export Russian gas to Europe and the United States. The Baku-Tbilisi-Ceyhan (BTC) pipeline, which delivers some 1 million barrels of Azerbaijani oil per day to the Turkish port of Ceyhan, considerably raised Turkey s standings as a transit center for oil. (EurasiaNet.org)
Turkey's bid for 3 new refineries seen too many Aug 3, 2007
ISTANBUL/ANKARA Turkey has plans to build three oil refineries at its southern oil terminal Ceyhan as part of a drive to turn it into an energy hub, but analysts say they doubt more than one refinery would be necessary ... What we want is to contribute to the world's energy security by creating a hub at Ceyhan, a senior energy official told Reuters ... At peak levels about 200 million tons of crude will flow into Ceyhan annually, he said. (San Diego Union-Tribune -- Business)
IOC closes in on Turkish petrochem co Petkim Jul 4, 2007
IOC, which has tied up with Calik Enerji of Turkey for the bid, has already been given a licence to set up a $6-billion greenfield refinery at Ceyhan in the Turkish province of Adana on the Mediterranean Sea ... 5% stake in Samsun-Ceyhan pipeline ... The pipeline would supply oil from Turkey s Black Sea port of Samsun to Ceyhan on Mediterranean coast. (India Times)
Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths, Carnage in Iraq Jul 3, 2007
The Norwegian company has installed a 27-mile pipeline from its Tawke field to a pipeline that connects Kirkuk to the Turkish port of Ceyhan. It May Take a While. (Bloomberg)
Coming up big Jul 2, 2007
McBride, 24, recently signed a two-year extension with Ceyhan (pronounced J-Han) Spor Club, a pro team in Turkey ... When McBride went down with her injury, Ceyhan's fans nearly caused a riot because no foul was called on the play ... 1), but Ceyhan finished the season 1-7 without their floor leader. (Albany Times Union)
Questions Cloud Turkish-EU Energy Cooperation Jun 13, 2007
Although Turkey has started construction of its bypass pipeline, which goes from the Black Sea port of Samsun to the Mediterranean oil and gas terminal at Ceyhan, it so far has no guaranteed oil supplies to pump through once it s completed. Turkey s most significant accomplishment in the energy field has been the successful completion of the $4 billion, 1760 kilometer-long (1093 miles) Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the slightly shorter Baku-Tbilisi-Erzerum (BTE) gas pipeline. (EurasiaNet.org)
US considers Iraqi gas exports to Europe Jun 9, 2007
The United States wants to restart Iraqi gas production and possibly channel exports to Europe through a pipeline part-owned by BP, it emerged today. The move, revealed today at a conference in Azerbaijan, would be a direct challenge to Russia s growing control of the European gas market through Gazprom, the Kremlin-backed giant. (Times Online)
Turkish Fishing Villages Blame Pipeline for Dwindling Catches Jun 8, 2007
At the end of the 1,760-kilometer-long Baku-Tbilisi-Ceyhan pipeline, in the shadow of Turkey s gleaming Ceyhan oil terminal, stands the hardscrabble fishing village of Golovasi ... Life in the village of 1,200 had previously revolved around fishing in the nearby Mediterranean Sea, but the arrival of the Baku-Tbilisi-Ceyhan (BTC) pipeline effectively put an end to that ... In the hamlets surrounding Ceyhan, a broad labor pool exists already to help the company meet that goal. (EurasiaNet.org)
Russian Trans-Balkan Pipeline to Skirt Turkey Mar 30, 2007
It is economically more effective to ship the Caspian oil to Europe via Georgia and Turkey to the Mediterranean through the large pipeline from Baku to Ceyhan ... The Baku-Tbilisi-Ceyhan pipeline was constructed with American help so as to create an energy transport corridor bypassing Russia and thereby weaken Russias influence in the Caspian basin and in Central Asia ... If Astana (the capital of Kazakhstan) were to be persuaded to switch its oil export route from the present-day Russian... (Ocnus.net)
IOC plans to buy Turkish petrochem co Mar 28, 2007
Bansal said the plan is to build a refinery with an annual capacity of 15 million tonnes at Ceyhan on the Mediterranean Sea ... 5% stake in the Trans-Anatolian Pipeline Company (TAPCO) which is laying an oil pipeline from Turkey's Black Sea port of Samsun to Ceyhan ... The 550-km Samsun-Ceyhan pipeline will carry 1. (India Times, India -- Intl Business)
Jewish Community Helps Georgia and Israel Draw Closer Mar 11, 2007
In recent months, Turkey and Israel have entered into a provisional agreement to carry Caspian oil from the port of Ceyhan in Turkey to Israel s Red Sea port of Eilat, allowing for shipment of the oil to Asian markets. As a transit country for the Baku-Tbilisi-Ceyhan pipeline, Georgia benefits directly from these arrangements through increased transit free revenue. (EurasiaNet.org)
Lukoil At The Crossroads Mar 9, 2007
The projects most ambitious version included an oil transit pipeline overland across Anatolia to the export terminal Ceyhan on the Mediterranean. That proposed pipeline was also one of the options for oil traffic to reach the Mediterranean from the Black Sea, bypassing the overcrowded Bosporus Strait. (Ocnus.net)
New chance forTrans-Caspian pipeline Feb 28, 2007
That TCGP project would have piped Turkmenistani gas under the Caspian Sea to Azerbaijan, then out to world markets by a Georgian-Turkish gas route parallel to the Baku-Tbilisi-Ceyhan oil pipeline that recently entered service ... Today, the then-projected TCGP route through Georgia to Ceyhan on Turkey's Mediterranean coast (or a variant going through Georgia and under the Black Sea, or also under the aegis of the Austrian-led Nabucco project via the Turkey-Greece gas connector that the... (Asia Times Online)
Oil's Vital New Power Jan 19, 2007
Since last June, hundreds of thousands of barrels of oil a day have surged through a pipeline running from Baku through Georgia's capital, Tbilisi, to Turkey's Mediterranean port of Ceyhan. Named the Baku-Tbilisi-Ceyhan (BTC), the $4 billion pipeline is one of the world's longest and is operated by the British-American oil company BP, with partners that include U.S. oil companies Chevron, ConocoPhillips and Hess. (Time.com)
Danger of leaks said to hang over BP's Caspian pipeline Jan 9, 2007
LONDON: As police snipers watched from rooftops and an orchestra played national anthems, the presidents of Azerbaijan, Georgia and Turkey gathered in July to inaugurate the 1,768- kilometer Baku-Tbilisi-Ceyhan pipeline to bring oil from the landlocked Caspian Sea to the Mediterranean ... 9 billion pipeline, known as BTC, joined in the celebrations at Ceyhan, on the Mediterranean coast of Turkey. (International Herald Tribune -- Business)
BP Ignores Warnings About Potential Corrosion, Leaks in Caspian Pipeline Jan 9, 2007
Jan. 8 (Bloomberg) -- As snipers watched from rooftops and an orchestra played national anthems, the presidents of Azerbaijan, Georgia and Turkey inaugurated in July the 1,768-kilometer Baku- Tbilisi-Ceyhan pipeline pumping oil from the landlocked Caspian Sea to the Mediterranean ... 9 billion pipe, joined in the celebrations at Ceyhan, on Turkey's Mediterranean coast ... The pipe travels across 1,500 rivers, over the Caucasus Mountains to the Georgian capital of Tbilisi, down to Ceyhan in... (Bloomberg)
