Sabotaged Pipeline Threatens Oil Supplies

Posted by Patrick O'Connor on 8/7/08 10:38 am

The Baku-Tbilisi-Ceyhan (BTC) pipeline that transports 1% of the world’s oil was damaged by Kurdish separatists who claimed responsibility.  Watch Video.  Oil prices rose more than $2 at one point during the day.

The BTC pipeline connects Baku, the capital of Azerbaijan; Tbilisi, the capital of Georgia; and Ceyhan, a port on the southeastern Mediterranean coast of Turkey.  It is the second longest pipeline in the world, covering 1,099 miles.

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