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Oil transportation via BTC increases in Jan.–Apr.

Economy Materials 18 May 2015 13:59 (UTC +04:00)

Baku, Azerbaijan, May 18

By Maksim Tsurkov - Trend:

Some 12 million metric tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in January-April 2015, which is 2.6 percent more than in the same period of 2014, Azerbaijani State Statistical Committee said in its report on January-April 2015.

"Some 77.5 percent of the total volume of oil transported via the country's main oil pipelines accounted for BTC in January-April 2015," said the report.

In total, 15.5 million metric tons of oil was transported via the main oil pipelines of the country during the reporting period, which is 0.2 percent more than in 2014, according to the State Statistical Committee.

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.

BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (5 percent), Total (5 percent), as well as Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).

Some 2.4 billion cubic meters of gas was transported via the South Caucasus gas pipeline (Baku-Tbilisi-Erzurum) in January-April 2015, compared to 2.2 billion cubic meters in the same period of 2014, according to the report.

In total, 8.1 billion cubic meters of gas was transported via the main gas pipelines of the country in January-April 2015, versus 7.8 billion cubic meters of gas in the same period of 2014, said the report.

The length of the Baku-Tbilisi-Erzurum gas pipeline exceeds 700 kilometers. The gas produced from the Shah Deniz gas and condensate field in the Azerbaijani sector of the Caspian Sea is transported via this pipeline. Gas is delivered to Georgia and Turkey. At the same time, Azerbaijan is also a gas buyer.

Edited by CN

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Follow the author on Twitter: @MaksimTsurkov

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