Baku News

11 August 2008 - Day.Az – The damage from fire at the Baku-Tbilisi-Ceyhan pipeline will be neutralized by insurance. Fire at the Turkish section of the BTC pipeline has burnt 20,000 tons of oil, said SOCAR president Rovnaq Abdullayev, Day.Az reports with reference to ANS. He said it will not cause damage to Azerbaijan, as it will be compensated by insurance. Moreover, he said due to the failure at BTC pipeline, 11,000-12,000 tons of oil per day are exported by Baku-Novorossiysk pipeline and 20,000 tons to Georgia by railroad, though earlier BTC transported nearly 800,000 barrels per day. Abdullayev noted that the repaired Baku-Supsa pipeline does not allow exporting the previous volumes, compensating only 50% of volumes, transported before the failure. He said BP has cut oil production from Azeri-Chirag-Guneshli fields and condensate from Shah Deniz field to minimum due to transportation problems. Abdullayev also said that due to the events in Georgia, oil tankers do not enter the ports of Batumi and Kulevi and if it also occurs in Sunday, export will be reduced to minimum.