Earthquake stopped access of Azerbaijani oil to world market. Prices have increased

The destructive earthquake that happened on Monday in Turkey stopped the export of Azerbaijani oil from the Jahansky terminal to the world markets, as a result of the exchange prices began to grow. Earlier, it was reported with reference to sources in the Ministry of Energy of Turkey that the Jachan terminal stopped working, but the Baku -Tbilisi -Jaykhan oil pipelines, according to which Azerbaijani oil is delivered to the terminal, and Kirkuk – Jaikhan, through which oil from Iraq was transported, did not suffer from earthquakes and did not suffer from an earthquake and continue to work.

Tribeca navigable agency reported that the BTD terminal in Jahan, which exports Azerbaijani crude oil, will be closed to Wednesday in anticipation of the damage assessment. Azerbaijan uses Port Jahan as the main node of raw oil exports with a stream of about 650 thousand barrels per day.

BP Azerbaijan said that Jaykhan discovered a “small” leakage of oil, which led to a stop of all work.

A source associated with transportation of oil in Azerbaijan, told Reuters that there was enough oil for storing oil on the Jahansky terminal and the Sangachal terminal, while another source said that the transportation of oil in Baku – Tbilisi – Jaykhan will be reduced if necessary .

Three sources directly familiar with the situation, they said that the Sangachal terminal allows you to maintain prey on the Azeri -Chiranheli deposits block at the current pace for four days.

It should be noted that the Jahansky terminal is 155 kilometers from the epicenter of what happened on Monday, February 6, an earthquake. The stopping of the terminal has become one of the main reasons for the increase in oil prices on world exchanges over the past two days. In addition, an increase in demand in China has its influence.

Brents of the Brent reference brand grew by 82 cents, or 1.01 percent, to 81.81 dollars per barrel, for Oil of the West Texas Intermediate brand – by 82 cents, or 1.11 percent, up to 74, up to 74, up to 74 93 dollars per barrel.