Russia bombing raid near oil pipeline: Georgian PM

ENERGY TECH

by Staff Writers
Tbilisi (AFP) Aug 9, 2008
Russian warplanes on Saturday staged a raid near a major international oil pipeline that runs through Georgia but did not damage it, Georgia's prime minister said.

The 1,774-kilometre (1,109-mile) Baku-Tbilisi-Ceyhan (BTC) oil pipeline is the world's second longest and takes oil from Azerbaijan to Western markets.

Prime Minister Lado Gurgenidze told Georgian television: "The area of the Baku-Ceyhan pipeline was bombed by Russian planes. Miraculously the pipeline was not damaged."

The BTC has a capacity of 1.2 million barrels of oil a day but is currently shut down after an explosion in a Turkish section which has been claimed by Kurdish rebels.

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ENERGY TECH

China's Sinochem secures exploration deal in Indonesia

Shanghai (AFP) Aug 7, 2008
China's Sinochem Corp., a state-owned oil trading conglomerate, said Thursday it has entered into an agreement to explore oil and gas in two blocks in Indonesia.

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