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Turkey Pleges BP & Amoco An Oil Embargo If Azeri P/L To Ceyhan Isn't Built.

The Turkish energy ministry has imposed a ban on the purchase of crude oil from BP and Amoco. However, the embargo would be lifted immediately if the BP/Amoco-led Azerbaijan International Operating Consortium (AIOC) decides to build its 60m t/y crude oil pipeline from Baku to Turkey's East Mediterranean terminal of Ceyhan.

The ban is an escalation of pressures on AIOC, as the group favours a much cheaper pipeline to Georgia's Black Sea port of Supsa. It is also preferring a pipeline to Russia's Black Sea terminal of Novorossyisks to the Ceyhan option which could cost $3.7 bn. But AIOC is yet to make a final decision. Ankara has dropped Amoco from international bidding to build an LNG terminal and re- gasification plant near the Aegean port of Ismir.
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Publication:APS Review Oil Market Trends
Geographic Code:7TURK
Date:Nov 30, 1998
Words:131
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