Thursday, August 07, 2008

Fire-hit Azeri-Turkish oil pipeline to remain closed for 1-2 weeks

"Fire-hit Azeri-Turkish oil pipeline to remain closed for 1-2 weeks
The Baku-Tbilisi-Ceyhan oil pipeline (BTC), which is still ablaze, will remain shut for about 15 days after an explosion sparked a fire in a section in eastern Turkey, news agencies reported on Thursday. The supply concerns pushed oil prices back to over $119."

More:Fire-hit Azeri-Turkish oil pipeline to remain closed for 1-2 weeks