Due to the strategic position of Turkey on the paths of oil supply coup attempt in the country has not passed without consequences for the world market of raw materials. Prices for black gold major brands of West Texas Intermediate and Brent rose by about half a dollar per barrel, the Financial Times reports.
The attempted coup in Turkey had an effect on the world oil market, writes the Financial Times. After reports on the situation in the country, the price of oil brand West Texas Intermediate rose from $ 45.95 per barrel to 46.33 and Brent — for 47.61 to 48.25 per barrel.
The developments in Turkey affect the oil market due to the strategic location of the country: through its territory, stretching a trade route connecting the middle East, Central Asia, Russia and Europe.
In 2013, through the Bosporus and Dardanelles Straits tankers was carrying about 2.9 million barrels of oil and oil products per day, accounting for 3 percent of global supply, illustrates the importance of Turkey Financial Times, citing the energy information Administration of the U.S. Department of energy.
The country also originated two important pipelines: one connects to the Turkish Mediterranean port of Ceyhan from Azerbaijan, the second with Iraq. In 2013, British Petroleum and partners agreed to build two pipelines that will play an important role in the supply of oil to the European Union: two of the pipeline will connect Azerbaijan and Italy, creating the so-called southern gas corridor. The first deliveries are scheduled for 2019.
