.Kurds Politicise Caspian Oil!
"Aug. 7 (Bloomberg) -- Crude oil rose for the first time in four days after Turkey said a pipeline carrying crude to the Mediterranean from Azerbaijan may remain shut for two weeks following an explosion on Aug. 5.
The pipeline is able to ship 1 million barrels a day, Ali Gungor, governor of the Erzincan province, where the blast occurred, said today. A Kurdish separatist group claimed responsibility for bombing the line, which is still burning.
This is a global market, so it does have an impact around the world", said Peter Beutel, president of Connecticut- based Cameron Hanover Inc.
``This is a pipeline that has not been attacked before. To have it now politicized by the Kurds opens up a whole new realm of political frustration and supply loss.'' "
Hevallo
The pipeline is able to ship 1 million barrels a day, Ali Gungor, governor of the Erzincan province, where the blast occurred, said today. A Kurdish separatist group claimed responsibility for bombing the line, which is still burning.
This is a global market, so it does have an impact around the world", said Peter Beutel, president of Connecticut- based Cameron Hanover Inc.
``This is a pipeline that has not been attacked before. To have it now politicized by the Kurds opens up a whole new realm of political frustration and supply loss.'' "
Hevallo
posted by madtom at 2:08 PM
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