Kazmunaigaz names reason for delay in oil transportation via BTC pipeline

Kazakhstan's state energy company Kazmunaigaz has postponed the start of oil exports from the giant Tengiz oilfield via the Baku-Tbilisi-Ceyhan pipeline after BP Azerbaijan declared force majeure on oil loadings from Ceyhan, four market sources said, Report informs, citing Reuters.

"Force majeure was declared in Ceyhan, and (Tengiz) crude supplies to BTC were put on hold," a market source said.

Kazakhstan's state-owned Kazmunaigaz (KMG) planned to begin oil shipments in February via the BTC pipeline from its share in Tengizchevroil (TCO), which it co-owns with U.S. oil major Chevron (CVX.N) and other shareholders.

The company expected to ship up to 120,000 tonnes of crude across the Caspian Sea from the port of Aktau to Baku for transshipment to the BTC pipeline.

Azeri crude oil exports from Turkiye's Ceyhan port remain halted after sustaining earthquake damage, BP Azerbaijan said on Thursday, while Azeri crude oil continued to flow there via a pipeline.

Damage assessment and repairs are underway at Turkiye's Ceyhan oil terminal, an official and an industry source said on Friday, four days after the earthquake, adding that exports from the BTC pipeline could resume from Sunday unless problems are found.