Baku, Azerbaijan, Oct.17
By Emil Ismayilov - Trend:
The Baku-Tbilisi-Ceyhan oil pipeline (BTC) transported 4 million metric tons of Turkmen oil in Jan.-Sept. 2014, compared to 2.1 million metric tons in the same period of 2013, Azerbaijan's State Statistical Committee said in its report for the first nine months of 2014.
Most part of the oil produced in Azerbaijan is exported via BTC.
"BTC transported 4 million metric tons of Turkmen oil from the Sangachal terminal during the reporting period," the report said.
BTC transported 3.3 million metric tons of Turkmen oil in 2013, compared to 3.1 million metric tons in 2012.
The transportation of Turkmen oil via BTC is carried out within the framework of the "SOCAR Trading" contract with "Dragon oil", which produces oil in Turkmenistan.
Turkmen oil transportation via BTC began in July 2010.
SOCAR Trading buys crude oil from producers in Turkmenistan, delivers it across the Caspian Sea to Baku, where in Sangachal terminal there is an entrance flange of the Baku-Tbilisi-Ceyhan pipeline. The company BTC Co. transports this oil through the BTC and hands it over to the SOCAR Trading at the Mediterranean port of Ceyhan.
BTC Co shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), TPAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).
The pipeline's capacity is 1.2 million barrels of oil per day.