Tuesday, August 26, 2008

Oil: Iran takes delivery of oil from Azerbaijan

Iran has taken delivery of its first oil consignment from Azerbaijan after conflicts disrupted its crude supply through Georgia and Turkey, PressTV reported.

IranMania reports that last week an official in the state-run Azeri oil company Socar told Bloomberg on condition of anonymity that crude exports through the country's southern neighbor depended on the status of the world's second largest pipeline (the Baku-Tbilisi-Ceyhan pipeline).

"If the BTC is operating, there'll be no need to export via Iran," he was quoted as saying.
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Published by Mike Hitchen, Mike Hitchen Consulting