BP says Azeri oil exports by rail to Georgia halted

Source: Reuters

By Alex Lawler

LONDON, Aug 18 (Reuters) - BP Plc <BP.L> said on Monday that exports of Azeri oil by rail to Georgia had stopped after the line was damaged in Georgia, which accused Russian troops of blowing up a railway bridge.

The stoppage further limits BP's options in taking oil from the Caspian after a fire damaged its Baku-Tbilisi-Ceyhan (BTC) link to Turkey and a pipeline to Supsa in Georgia was shut due to security concerns.

"Rail exports have stopped from Azerbaijan to Georgia," BP spokesman Robert Wine said. "There's been some damage along the line in Georgia."

The disruption to Azeri supply has helped limit the decline in oil prices, which have fallen to below $114 a barrel from a record high of $147.27 last month on concern that slowing economic growth will limit demand.

Read more: http://www.alertnet.org/thenews/newsdesk/LI102850.htm

the actual origins of BP especially 1951 onwards:

The Anglo-Persian Oil Company (APOC) was founded in 1908 following the discovery of a large oil field in Masjed Soleiman, Iran. It was the first company using the oil reserves of the Middle East. APOC was renamed Anglo-Iranian Oil Company (AIOC) in 1935 and eventually became the British Petroleum Company (BP) in 1954, as one root of the BP Company today.

http://en.wikipedia.org/wiki/Anglo-Iranian_Oil_Company

It's more in line with Bush/Cheney's energy links, much more profitable and they like it stable - getting less stable these days to.

Didn't seem worth posting. You know no expense will be spared.