What does the BTC pipeline have to do with oil prices?

    This site uses cookies. By continuing to browse this site, you are agreeing to our use of cookies. More details

    • What does the BTC pipeline have to do with oil prices?

      Baku-Tbilisi-Ceyhan [BTC] Pipeline has been damaged. This is the first direct pipeline transporting crude from the Caspian Sea to the Mediterranean Sea without crossing the Russian territory.

      The details of the pipeline :
      Total length : 1,100 miles ( 443km through Azerbaijan, 249km through Georgia and 1,076km through Turkey).
      End point : Ceyhan terminal, Turkey.
      Cost : Nearly $ 4 billion
      Peak capacity : 1 million bbl/day

      The capacity of this pipeline is over 1% per day. Any disruption to this pipeline, i think, will have affect ton he oil prices

      One consideration : How difficult would it be to protect a 1,100 mile long pipeline? Would it not be vulnerable even for small forces to damage it?

      Any comments? :?:
    • BTC pipeline is a problem of many countries

      The BTC pipeline is a problem of many countries when it shuts down.

      It is vulnerable, but if all goes well, a huge economic success. Some treaties must be in place, but they cannot cover the pipeline's vulnerability.

      As the discussion progresses, do not miss the Northern pasage opening up because of the ice melting. This will find newer routes, technology and buyers.