TY - GEN
T1 - Resolving the Bosphorus Conundrum
AU - Tsakiris, Theodore G.R.
PY - 2007/12/1
Y1 - 2007/12/1
N2 - According to EIA estimates, by the end of 2005, the total volume of oil transiting the Straits would surpass the choke-point limit by ∼ 500,000 bpd, namely, > 2/3 of Burgas-Alexandroupolis Pipeline's initial throughput capacity estimated at 700,000 bpd. Nearly simultaneous data on the International Energy Agency(IEA)/IEA side all but confirm the American projections. A discussion on Caspian oil geopolitics covers the danger of a major accident and/or terrorist attack against one or more of the perilous vessels transiting the city of Istanbul; saturation of the Bosphorus as an argument in favor of the Baku-Tbilisi-Ceyhan materialization; Azeri oil exports transiting the Black Sea; cross-Caspian transit, which is expected to become necessary - possibly doubling the line's throughput potential to 2 million bpd; the Sofia declaration; proposal to build a 198-km pipeline linking the Black Sea (Kiyikoy) coast to the city of Saros (Ibrikbaba) in the Aegean coast; the emergence of Kazakhstani output; crude oil transit concerns; direction of Kashagan exports; management control concerns; Russia's export pipeline monopoly and policy in Ukraine; Ukraine's oil independence; framework agreements; and other pipeline projects.
AB - According to EIA estimates, by the end of 2005, the total volume of oil transiting the Straits would surpass the choke-point limit by ∼ 500,000 bpd, namely, > 2/3 of Burgas-Alexandroupolis Pipeline's initial throughput capacity estimated at 700,000 bpd. Nearly simultaneous data on the International Energy Agency(IEA)/IEA side all but confirm the American projections. A discussion on Caspian oil geopolitics covers the danger of a major accident and/or terrorist attack against one or more of the perilous vessels transiting the city of Istanbul; saturation of the Bosphorus as an argument in favor of the Baku-Tbilisi-Ceyhan materialization; Azeri oil exports transiting the Black Sea; cross-Caspian transit, which is expected to become necessary - possibly doubling the line's throughput potential to 2 million bpd; the Sofia declaration; proposal to build a 198-km pipeline linking the Black Sea (Kiyikoy) coast to the city of Saros (Ibrikbaba) in the Aegean coast; the emergence of Kazakhstani output; crude oil transit concerns; direction of Kashagan exports; management control concerns; Russia's export pipeline monopoly and policy in Ukraine; Ukraine's oil independence; framework agreements; and other pipeline projects.
UR - http://www.scopus.com/inward/record.url?scp=44349093139&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:44349093139
SN - 0032-0188
VL - 234
JO - Pipeline and Gas Journal
JF - Pipeline and Gas Journal
ER -