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BTC transports over 242 million tons of oil since beginning of its operation

Oil&Gas Materials 8 April 2014 14:30 (UTC +04:00)
About seven million tons of Azerbaijani oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline in Jan.-March 2014 compared to 7.34 million tons in the first quarter of 2013.

Baku, Azerbaijan, April 8

By Emil Ismayilov - Trend:

About seven million tons of Azerbaijani oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline in Jan.-March 2014 compared to 7.34 million tons in the first quarter of 2013, the State Oil Company of Azerbaijan (SOCAR) said on April 8.

The BTC pipeline transported some 29.7 million tons of Azerbaijani oil in 2013 compared to 29.67 million tons in 2012.

In total, some 242.15 million tons of oil was transported via the pipeline as of April 1, 2014 since the beginning of its operation.

Over 6.8 million tons of oil was supplied from the Turkish Ceyhan port to world markets in the first quarter compared to almost seven million tons in Jan.-March 2013. Around 240 million tons of Azerbaijani oil was supplied to world markets from the port of Ceyhan as of April 1, 2014 since the beginning of BTC's operation.

Some 29.2 million tons of oil was supplied to world markets from the Turkish port of Ceyhan in 2013 compared to 29.3 million tons in 2012.

The total length of the BТС is 1,768 kilometers including a 443 kilometer long section running through Azerbaijan, a 249 kilometer long section in Georgia and a 1,076 kilometer long section in Turkey. The construction of the pipeline started in April 2003. It was filled with oil on May 18, 2005.

The shareholders of BTC are BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), TPAO (6.53 percent), Eni (five percent), Total (five percent), Itochu (3.40 percent), Inpex (2.5 percent), ConocoPhilips (2.50 percent) and ONGC (2.36 percent).

Translated by L.Z.

Edited by C.N.

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