yukselproje.com.tr
The impact of the earthquake in Turkey on the operation of oil and gas pipelines from Baku
Baku/06.02.23/Turan: The Ceyhan oil terminal in the province of Adana in southern Turkey has suspended operations due to the consequences of the earthquake that occurred in Turkey on February 6, the world media reports. Most of the ports in southern Turkey were affected to varying degrees by the earthquake, and there are delays in shipments.
An informed source told Turan that the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, as of 17:00 Baku time, was not damaged.
Another source familiar with the situation told Turan that the possibility of suspending the pumping of oil through the BTC is not ruled out. Aftershocks after two powerful tremors in Turkey continue.
Both sources reported that oil production at the Azeri-Chirag-Guneshli block (the main oil for BTC) is not decreasing. “Terminals in Sangachal and Ceyhan can operate in accumulative mode. Therefore, there is no need to reduce oil production yet,” the source said. The ACG production operator, bp, does not comment on the situation.
In January 2023, the average daily shipment of oil from Baku to Ceyhan in this Mediterranean port of Turkey was 665,000 barrels per day. As for the Baku-Tbilisi-Erzerum and TANAP gas pipelines, their work has not been disrupted yet.
It should be noted that oil is also being transported to Ceyhan from Iraq via the Kirkuk-Ceyhan oil pipeline.
BOTAS reports that within Turkey, due to the earthquake, natural gas supplies to the provinces of Gaziantepe, Hatay and Kahramanmarash were stopped after the damage to gas pipelines.
An earthquake of magnitude 7.8 occurred on the morning of February 6,2023 in southern Turkey (37 km from Gaziantepe) and was accompanied by powerful aftershocks.
Earthquake in Turkey killed more than 1,000 people, injured 6,000, collapsed 3,000 buildings. --0--
Economics
-
In a significant development for the North-South international transport route, exploration work on the Rasht-Astara railway section, which will connect Azerbaijan and Iran, is scheduled to begin in June 2024. This announcement was made by Dmitry Zverev, the Deputy Minister of Transport of the Russian Federation, during the XV International Economic Forum "Russia – the Islamic World: KazanForum 2024," as reported by TASS.
-
Azerbaijan’s once-burgeoning oil revenues are on the decline, posing a significant challenge for the nation’s economy. The State Oil Fund of Azerbaijan (SOFAZ) is projected to receive approximately $5 billion from oil sales this year, a sharp drop from previous years. In 2022, buoyed by high oil prices, revenues surged to about $10 billion. However, last year’s figures dipped to just over $6 billion, and further declines are anticipated due to decreasing production.
-
Aliya Asimova, representative of the International Finance Corporation (IFC) in Azerbaijan, outlined the organization's renewed focus on combating climate change during her address at the business forum "Raising Ambitions and Stimulating Activities: Forum Sustainable Business COP29."
-
Azerbaijan has unveiled ambitious plans to curb greenhouse gas emissions and propel its economy towards sustainable growth. Minister of Ecology and Natural Resources Mukhtar Babayev delivered this proclamation during the esteemed forum "Growing Ambitions and Incentives for Action: COP-29 Sustainable Business Forum."
Taksi sayı azaldılır, bəs köhnə taksiçilər nə ilə dolanacaqlar? – Rauf Ağamirzəyev Çətin sualda
News Line
-
- Politics,
- 10:00
- 500
Leave a review