SERVICES

Energy routes avoid major disruption from failed Turkey coup attempt

Istanbul - Turkey’s crucial energy routes avoided prolonged disruption from Friday’s failed military coup, but the action underlined the risks associated with its role as a key trade crossroads between the Middle East and Europe.

Istanbul - Turkey’s crucial energy routes avoided prolonged disruption from Friday’s failed military coup, but the action underlined the risks associated with its role as a key trade crossroads between the Middle East and Europe. The 27-kilometre Bosphorus Strait connecting the Black Sea to the Mediterranean was shut for several hours on Saturday by Turkey’s maritime authorities over security concerns. Cargo passing through includes a significant amount of Russia’s crude oil exports, and non-oil commodities from Russia and other countries bordering the inland sea. Russian authorities at the Black Sea port of Novorossiysk said they expected oil shipments would not be affected... READ MORE

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››