Turkey Orders Restart Of Oil Flows To Ceyhan Terminal

The BTC oil export terminal at Turkey’s Ceyhan port remained closed since Monday, which stopped key crude flows from Iraq to Azerbaijan, but Turkey ordered the resumption of flows to the terminal on Wednesday morning and oil flows and exports will begin shortly, an official told Bloomberg.

• Azerbaijan uses the Turkish port of Ceyhan as its main crude export hub. Operations at Turkey’s 1mbpd oil export terminal in Ceyhan were halted after the earthquake. The BTC terminal, which exports Azeri crude oil to international markets will resume operations on Wednesday according to officials.
• There has been found a small oil leak at Ceyhan which led to operations being halted but the leak had been stopped according to BP.
• Iraq's Kurdistan Regional Government (KRG) halted flows through the pipeline it operates that runs from Iraq's northern Kirkuk fields to Ceyhan.
• The KRG had been pumping 400kbpd and Iraq's federal government was pumping 75kbpd through the pipeline, sourced told Reuters.
• Oil exports will resume after a "careful inspection of the pipelines is finalised," the regions ministry of natural resources said.