BTC commissioning to bring down oil prices Centre for Global Energy Studies

Oil&Gas Materials 2 June 2006 17:42 (UTC +04:00)

A steady and increasing flow of crude from the Caspian Sea will help to quench the fire in the oil futures market, Trend reports quoting Leo Drollas, director of the Centre for Global Energy Studies, who commented on shipping first tanker with Azeri oil from port Ceyhan, Turkey.

"It's good news. It is the kind of crude that we want. It should help to bring down prices in due course," he said in his interview to The Times.

BTC Co already completed tanks loading with oil in port Ceyhan. The oil amount is sufficient to load a 85kt tanker.