Baku, Azerbaijan, Aug.18
By Maksim Tsurkov - Trend:
Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 3.7 million metric tons of Turkmen oil in Jan.-July 2015, compared to 3.1 million metric tons in the same period of 2014, Azerbaijani State Statistical Committee said in its report on Jan.-July of 2015.
The major part of oil produced in Azerbaijan is exported via BTC.
BTC transported 5.6 million metric tons of Turkmen oil in 2014, compared to 3.3 million metric tons in 2013.
Transportation of Turkmen oil via BTC is carried out in accordance with the contract singed between SOCAR Trading and Dragon oil which is engaged in oil production in Turkmenistan.
Transportation of Turkmen oil through BTC started in July 2010.
SOCAR Trading buys crude oil from producers in Turkmenistan, delivers it across the Caspian Sea to Baku, where in Sangachal terminal there is an entrance flange of the Baku-Tbilisi-Ceyhan pipeline. BTC Co. transports this oil through the BTC and hands it over to SOCAR Trading at the Mediterranean port of Ceyhan.
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), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (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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