Baku-Tbilisi-Ceyhan Pipeline explosion

Event Year: 2008 Reliability: Confirmed
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.

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.