Report

rss

Iraq News

Kurdistan

Economy

World

All News

Turkey's Botas douses fire at Kirkuk-Ceyhan pipeline after blast

Category: Economy

Date: 2022-01-19T06:08:01+0000
Turkey's Botas douses fire at Kirkuk-Ceyhan pipeline after blast

Shafaq News / Turkey's state pipeline operator has put out a blaze following an explosion that cut oil flow at the Kirkuk-Ceyhan pipeline near the southeastern province of Kahramanmaras, it said.

Tuesday's accident was the latest in a series of supply disruptions that have driven global crude prices to seven-year highs.

The fire that erupted after the explosion has been extinguished, while firefighters and emergency units engage in cooling efforts, said the operator, Botas.

"The oil pipeline will be operational as soon as possible after necessary precautions are taken," it said in a statement, adding that the reason for the blast, close to the 511th kilometre of the pipeline, was unknown.

Brent crude futures rose $1.04, or 1.2%, to $88.55 a barrel by 0351 GMT, adding to the previous session's jump of 1.2%. The benchmark contract climbed to as much as $89.05, its highest since Oct. 13, 2014.

The pipeline carries crude oil from Kurdistan for export from Turkey's port of Ceyhan.

Kurdish crude exports averaged 10 million barrels per month between October and December, Refinitiv Eikon shipping data showed. So far, 5.2 million barrels have been loaded in January.

The cargoes mainly head to refineries in Mediterranean countries such as Croatia, Greece, Italy and Spain, data showed.

Source:Reuters

related

CERAWEEK Turkey has no plans to cut Russian oil buys, welcomes Iran supply -minister

Date: 2022-03-09 06:17:32
CERAWEEK Turkey has no plans to cut Russian oil buys, welcomes Iran supply -minister

Iraq ranks second in buying houses in Turkey

Date: 2021-05-12 08:42:41
Iraq ranks second in buying houses in Turkey

In concert with Turkey, Iraq to claim a "full water share" 

Date: 2021-09-18 15:58:31
In concert with Turkey, Iraq to claim a "full water share" 

Turkey announces a new measure over the "catastrophic" dam for Iraq

Date: 2020-05-12 09:11:14
Turkey announces a new measure over the "catastrophic" dam for Iraq

Turkey to start exporting gas fuel to Iraq via Kurdistan

Date: 2020-12-27 15:09:59
Turkey to start exporting gas fuel to Iraq via Kurdistan

Iraq is Turkey's second-biggest importer of dairy products

Date: 2021-05-15 12:11:57
Iraq is Turkey's second-biggest importer of dairy products

Turkey offers assistance to curb desertification in Iraq

Date: 2022-04-03 13:21:39
Turkey offers assistance to curb desertification in Iraq

Iraq ranks the second Turkey’s houses foreign buyers

Date: 2020-08-17 11:06:22
Iraq ranks the second Turkey’s houses foreign buyers