Turkey to heighten security on energy supplies
Turkey A recent attack on pipeline carrying crude oil from northern Iraq to Turkey has set the countries back by more than $250 million after repair work lasted a week. While the South Caucasus Pipeline was also targeted by militants on Tuesday, BP’s scheduled maintenance on Sunday had already halted the flow of gas.
Turkey is dependent on importing its energy from neighbouring countries with 98 percent of its natural gas and 90 percent of its crude oil stemming from imports.
“The risks for companies who are supplying to or through Turkey has increased quite a bit in light of recent attacks,” an unnamed energy official told Reuters.
For more news and features on Turkey, click here.
Recent Posts
Namibia gets $138.5-million boost for renewables vision
The World Bank has granted Namibia a $138 Read More
PetroVietnam’s exploration arm announces oil finds
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Mozambique’s Coral Sul FLNG passes performance test
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
Saudi Aramco hands $1.7-billion contract to China’s CPECC
Saudi Aramco has awarded a USD 1 Read More
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More