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Turkey's Ceyhan oil terminal, Iraq's KRG pipeline halted after quake

Emily

Editor, Senior Moderator
https://www.reuters.com/markets/com...fter-turkey-quake-shipping-agency-2023-02-06/
February 6, 202312:50 PM CSTLast Updated 2 days ago
Turkey's Ceyhan oil terminal, Iraq's KRG pipeline halted after quake

By Can Sezer, Rowena Edwards and Julia Payne

STANBUL/LONDON, Feb 6 (Reuters) - A massive earthquake that struck Turkey and Syria on Monday halted operations at Turkey's major oil export hub in Ceyhan and stopped key crude oil flows from Iraq and Azerbaijan, officials said.

The Tribeca shipping agency said in a notice that the BTC terminal at Ceyhan that exports Azeri crude oil will be closed through Wednesday pending damage assessments. Azerbaijan uses the Turkish port of Ceyhan as its main crude export hub, with a flow of about 650,000 barrels per day (bpd).

BP Azerbaijan said a "small" oil leak had been found at Ceyhan, which led to operations being halted, and had been stopped. A source familiar with Azeri flows said there was sufficient storage capacity in Ceyhan and in Azerbaijan, and a second source said flows could be reduced if needed...
 
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