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BTC transports over 14 million tonnes of Azerbaijani oil in first half of 2014

Oil&Gas Materials 8 July 2014 18:05 (UTC +04:00)

Baku, Azerbaijan, July 8

By Emil Ismayilov - Trend:

About 14.54 million tonnes of Azerbaijani oil was transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in Jan.-June 2014, versus 15.18 million tonnes in the same period of 2013, the State Oil Company of Azerbaijan (SOCAR) said.

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

In total, some 249.68 million tonnes of oil was transported via the pipeline as of July 1, 2014 since the beginning of its operation.

Around 14.28 million tonnes of oil was supplied from the Turkish Ceyhan port to world markets in the first half of 2014, versus 15 million tonnes in Jan.-June, 2012.

About 29.2 million tonnes of Azerbaijani oil was supplied to world markets from the port of Ceyhan in 2013, compared to 29.3 million tonnes in 2012.

Some 247.43 million tonnes of oil was supplied to world markets from the Turkish port of Ceyhan as of July 1, 2014, since the beginning of BTC's operation.

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 (2.5 percent) and ONGC (2.36 percent).

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