Russia’s Lukoil carries out test pumping of oil through BTC pipeline

Photo: Russia’s Lukoil carries out test pumping of oil through BTC pipeline / Oil&Gas

Baku, Azerbaijan, May 23
By Emil Ismayilov - Trend:

Russia's Lukoil has carried out a test pumping of its oil in the volume of 30,000 tonnes via the Baku-Tbilisi-Ceyhan (BTC) pipeline, the country's PRIME news agency reported on May 23, citing the company head Vagit Alekperov.

Alekperov underscored that currently, the Lukoil doesn't plan to increase the volume of oil supply.

The Lukoil develops the Yuri Korchagin field in the Caspian Sea. The oil production in this field began in 2010 and the production volume reaches 1.5 million tonnes of oil per year.

Moreover, the Lukoil is a participant of such major energy projects in Azerbaijan as the development of the Shah Deniz gas condensate field and the South Caucasus Pipeline and the company has a 10 percent share in each of these projects.

The company also has a gas stations' network in Azerbaijan.

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 (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhilips (2.5 percent) and ONGC (2.36 percent).

The pipeline's capacity is 1.2 million barrels of oil per day.

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