BP (BP) said BTC Co has been made aware of possible contamination related to some crude shipments from Azerbaijan, Bloomberg reported Wednesday.
BP operates BTC, which built the Baku-Tbilisi-Ceyhan pipeline through which big quantities of Azerbaijan's crude are transported to Turkey's Ceyhan port, according to Bloomberg.
The potential quality issue is related to organic chlorides, huge amounts of which can significantly damage oil infrastructure, the report said.
"BTC Co is currently assessing the quality of the crude oil across all the facilities along the pipeline," Bloomberg quoted BP as saying.
BP didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.