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Azerbaijan increases oil transportation via BTC

Oil&Gas Materials 9 January 2017 14:42 (UTC +04:00)

Baku, Azerbaijan, Jan. 9

By Anvar Mammadov – Trend:

In 2016, over 28.86 million tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline, as compared to 28.84 million tons in the same period of 2015, Azerbaijan’s state oil company SOCAR said in a message posted on its website Jan. 9.

The BTC transported 2.39 million tons of Azerbaijani oil and 441,270 tons of Turkmen oil in December 2016.

Nearly 321.54 million tons of oil has been transported via the BTC since the beginning of the pipeline’s commissioning.

In 2016, as much as 28.64 million tons of oil was sent to global markets from Turkey’s Ceyhan port, as compared to 29.08 million tons in the same period of 2015.

In total, 319.83 million tons of Azerbaijani oil has been sent to global markets from the Ceyhan port since the beginning of the BTC pipeline’s commissioning.

Shareholders of the BTC pipeline 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), CIECO (2.5 percent) and ONGC (2.36 percent).

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