Baku-Tbilisi-Ceyhan Pipeline explosion
Event Year: | 2008 | Reliability: | Confirmed |
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Country: | Turkey | ||
Industry Type: | Petroleum | ||
Description: | Hackers shut down alarms, cut off communications and super pressurized the crude oil in the line which resulted in an explosion. |
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Impact: | The explosion caused more than 30,000 barrels of oil to spill in an area above a water aquifer and cost BP and its partners $5 million a day in transit tariffs during the closure, according to communications between BP and its bankers cited in “The Oil Road,” a book about the pipeline. Some of the worst damage was felt by the State Oil Fund of the Republic of Azerbaijan, which lost $1 billion in export revenue while the line was shut down, according to Jamala Aliyeva, a spokeswoman for the fund. |