Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,303.10 +8.60 0.06%
S&P 500 1,649.60 -0.91 -0.06%
Nasdaq 3,459.14 -0.27 -0.01%
Ticker Volume Price Price Delta
STOXX 50 2,764.29 -12.49 -0.45%
FTSE 100 6,654.34 -42.45 -0.63%
DAX 8,305.32 -46.66 -0.56%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

BP to Shut Baku-Supsa Pipe for Monthlong Maintenance on May 15

BP Plc (BP/) will shut an oil pipeline from Azerbaijan’s Caspian coast to Georgia’s Black Sea coast for planned maintenance on May 15, said Tamam Bayatli, a spokeswoman for the U.K. energy producer.

The shutdown of the Baku-Supsa link, which will take about a month, won’t affect production at the Azeri-Chirag-Guneshli, also known as ACG, or the Shah Deniz gas fields, Bayatli said by phone from today from Baku, Azerbaijan’s capital. Both projects are operated by BP.

Crude exports will continue as normal via the Baku-Tbilisi- Ceyhan pipeline, or BTC, Bayatli said.

Azerbaijan, the third largest-oil producer in the former Soviet Union after Russia and Kazakhstan, exported 6.4 million metric tons of oil in the first quarter, down 7.3 percent from a year earlier, the State Statistics Committee said on April 23. Natural-gas exports grew 2.7 percent to 1.34 billion cubic meters, it said.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link