OIL: Kazakhstan in Talks to Resume BTC Pipeline Supplies
Aug-27 07:32
Kazakhstan is in talks to resume oil supplies via the Baku-Tbilisi-Ceyhan pipeline, Energy Minister Yerlan Akkenzhenov says according to Tass.
- Kazakhstan diverted crude oil exports to Russia's Caspian Pipeline Consortium route after contamination in Azerbaijan's Azeri Light crude disrupted the Mediterranean exports, Platts said on Aug. 13.
- The detection of organic chloride in Azeri BTC cargoes last month pushed price differentials to a four-year low and delayed loadings.
- Azeri BTC loadings from Ceyhan totalled 423k b/d in July, according to Kpler, below the 561k b/d on the loading programme.
- Kazakhstan oil supplies to Europe continue without delays, Akkenzhenov added. Ukraine’s attacks on the Druzhba pipeline halted oil flows to Hungary and Slovakia via the southern leg of the pipeline last week. Kazakhstan ships its crude to Germany via the northern leg of the link.
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