logo
BP continuing quality assessment of BTC oil while loadings continue

BP continuing quality assessment of BTC oil while loadings continue

Reuters4 days ago
MOSCOW, July 30 (Reuters) - BP (BP.L), opens new tab, the operator of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, said on Wednesday it was continuing its extensive quality assessment of Azeri BTC oil by taking samples before each loading at the terminal.
Organic chloride contamination in Azeri BTC crude cargoes was discovered last week, sending price differentials to a four-year low and causing several days' delay in loadings from Turkey's BTC Ceyhan terminal.
Delays have been caused in part by the additional testing, sources told Reuters.
After enough oil to form a cargo arrives in the shore tank at the BTC Ceyhan terminal, it is tested and the results are shown to the charterers of vessels waiting to load at the port for approval or rejection, a port agent explained on Wednesday.
It remains unclear how many Azeri crude cargoes in total have been affected by organic chloride contamination. So far, Austria's OMV and Italy's Eni have confirmed cargoes they had purchased were contaminated.
BP also said that it was working closely with Azerbaijan's Socar to manage the off-spec crude in storage at the terminal, while export operations are continuing.
A total of six cargoes of Azeri crude have loaded since the organic chloride contamination was first reported on July 22, according to data from analytics firm Kpler.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India to defy Trump's threats and keep buying Russian oil, government sources say
India to defy Trump's threats and keep buying Russian oil, government sources say

The Independent

time4 hours ago

  • The Independent

India to defy Trump's threats and keep buying Russian oil, government sources say

India will keep purchasing oil from Russia, despite President Donald Trump threatening to impose penalties for doing so, two Indian officials said on Saturday Officials in India, the most populous country on Earth, told Reuters and That contradicted a statement from Trump, who on Friday told reporters his understanding was that India would 'no longer' be buying oil from Russia. "These are long-term oil contracts," an unnamed Indian official told Reuters. "It is not so simple to just stop buying overnight.' Last week, Trump said India would face unspecified penalties for buying Russian oil in addition to a 25 percent tariff on goods. However, China and Turkey, two countries that also purchase large amounts of Russian oil, have not faced similar penalty threats. India drastically increased its import of Russian oil after the Kremlin invaded Ukraine in 2022, while many other countries began to cut back it's imports. The cheap availability of Russian oil allowed India to reduce its reliance on other countries, such as Saudi Arabia or Iraq, who typically sell to Asian countries at a higher price. While India faced criticisms for doing so, the general consensus around India's increase in imports has been that it helps avoid a global surge in oil prices. It's unclear why exactly Trump has targeted India in reducing its import of Russian oil. The president has recently expressed frustrations with Russian President Vladimir Putin for failing to come to the peace talks table to negotiate a ceasefire in Ukraine. On Friday, India's external affairs spokesperson Randdhir Jaiswal said India and Russia had a 'time-tested partnership' and that India was analyzing its energy sourcing. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," Jaiswal said, according to Reuters. India heavily relies on energy imports to sustain the needs of it's more than one billion population. It imports more than one million barrels per day.

India to maintain Russian oil imports despite Trump threats, government sources say
India to maintain Russian oil imports despite Trump threats, government sources say

Reuters

time13 hours ago

  • Reuters

India to maintain Russian oil imports despite Trump threats, government sources say

NEW DELHI, Aug 2 (Reuters) - India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter. On top of a new 25% tariff on India's exports to the U.S., Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters he had heard that India would no longer be buying oil from Russia. But the sources said there would be no immediate changes. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Justifying India's oil purchases from Russia, a second source said India's imports of Russian grades had helped avoid a global surge in oil prices, which have remained subdued despite Western curbs on the Russian oil sector. Unlike Iranian and Venezuelan oil, Russian crude is not subject to direct sanctions, and India is buying it below the current price cap fixed by the European Union, the source said. The New York Times also quoted two unnamed senior Indian officials on Saturday as saying there had been no change in Indian government policy. Indian government authorities did not respond to Reuters' request for official comment on its oil purchasing intentions. However, during a regular press briefing on Friday, foreign ministry spokesperson Randhir Jaiswal said India has a "steady and time-tested partnership" with Russia. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," he said. The White House did not immediately respond to requests for comment. Trump, who has made ending Russia's war in Ukraine a priority of his administration since returning to office this year, has expressed growing impatience with Russian President Vladimir Putin in recent weeks. He has threatened 100% tariffs on U.S. imports from countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the leading supplier to India, the world's third-largest oil importer and consumer, accounting for about 35% of its overall supplies. India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by sources. But while the Indian government may not be deterred by Trump's threats, sources told Reuters this week that Indian state refiners stopped buying Russian oil after July discounts narrowed to their lowest since 2022 - when sanctions were first imposed on Moscow - due to lower Russian exports and steady demand. Indian Oil Corp ( opens new tab, Hindustan Petroleum Corp ( opens new tab, Bharat Petroleum Corp ( opens new tab and Mangalore Refinery Petrochemical Ltd ( opens new tab have not sought Russian crude in the past week or so, four sources told Reuters. Nayara Energy - a refinery majority-owned by Russian entities, including oil major Rosneft ( opens new tab, and major buyer of Russian oil - was recently sanctioned by the EU. Nayara's chief executive resigned following the sanctions, and three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions, Reuters reported last week.

Azerbaijan to export 1.2 billion cubic metres of gas to Syria through Turkey annually
Azerbaijan to export 1.2 billion cubic metres of gas to Syria through Turkey annually

Reuters

time16 hours ago

  • Reuters

Azerbaijan to export 1.2 billion cubic metres of gas to Syria through Turkey annually

KILIS, Turkey, Aug 2 (Reuters) - Azerbaijan will export 1.2 billion cubic metres (bcm) of gas annually through Turkey to Syria from the BP-operated (BP.L), opens new tab Shah Deniz gas field in the Azeri Caspian Sea, a senior official at Azeri state energy company SOCAR told Reuters on Saturday. Turkey supported rebel forces in neighbouring Syria throughout the 13-year civil war that ended with the ousting of Bashar al-Assad in December and has become one of the new Syrian government's main foreign allies. Ankara is now positioning itself to be a major player in Syria's reconstruction. SOCAR Vice President Elshad Nasirov was speaking at a ceremony in the southern Turkish city of Kilis, close to the Syrian border, as Turkey and Azerbaijan launched natural gas exports to Syria. Azerbaijan's Economy Minister Mikayil Jabbarov said the project followed agreements in April and July between Azerbaijan President Ilham Aliyev and Syria's new President Ahmad al-Sharaa. Gas will be transported through Turkish territory to Syria under a coordinated arrangement, Jabbarov said. "By launching gas exports to Syria, Azerbaijan has demonstrated that it is capable of exporting gas not only to the West, but also to the East and the South," he said at the event. Turkish Energy Minister Alparslan Bayraktar said deliveries were expected to reach around 6 million cubic metres (mcm) per day. While the current delivery plan foresees exports of 1.2 bcm annually, Bayraktar said there was potential to supply up to 2 bcm per year in the first phase. The gas will be used to restart power plants in Syria with a combined capacity of 1,200 megawatts, Bayraktar said. Syrian Energy Minister Mohammad al-Bashir said the gas supplies would support basic energy needs in areas affected by conflict. He said the gas would allow for an additional four hours of electricity per day in those areas by increasing generation by around 750 MW. Al-Bashir also said that while the agreement foresees daily deliveries of 6 mcm, the initial volume would be around 3.4 mcm per day.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store