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The attempted coup in Turkey may boost oil prices by imperiling crude shipments through the country

stander
stander
in Oil, Gas and Energy News

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The attempted coup in Turkey may boost oil prices by imperiling crude shipments through the country, a major energy-trade corridor.


Turkey’s army said it had seized power on Friday as warplanes flew over Ankara, the capital, and tanks blocked roads in Istanbul. Prime Minister Binali Yildirim said his government was still in control and will resist efforts by the military to take over.


At the crossroads of Europe and Asia, Turkey is a vital conduit of crude transport from Russia and Iraq to the Mediterranean Sea. Millions of barrels of oil travel through the nation’s waterways and pipelines each day. The nation is also on the fringe of broader conflict in the Middle East.


https://oilguru.org/2016/07/17/attempted-coup-in-turkey-may-imperil-crude-transport-in-region/



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