Explosion in Turkey shuts down key Iraq oil pipeline

ANKARA, Turkey (AP) — An explosion has shut down a pipeline in southeastern Turkey that carries oil from Iraq to world markets, officials and news reports said.

The blast late Tuesday near the town of Pazarcik in Kahramanmaras province caused a huge fire that forced authorities to also shut down a highway, the state-run Anadolu Agency reported. No one was hurt in the explosion.

The pipeline carries oil from the Kirkuk oil fields in northern Iraq to the Turkish port of Ceyhan.

Turkey’s pipeline company, BOTAS, said the fire was extinguish and that operations would resume “as soon as possible after the necessary measures are taken.”

The cause of the explosion was under investigation.

Kurdish rebels who have led an armed insurgency against the Turkish state since 1984, have in the past bombed pipelines in the region, including the Kirkuk-to-Ceyhan pipeline.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Featured Articles and Offers

Search Headlines: