SOCAR reduces oil export from Turkey’s Ceyhan port
Baku, Azerbaijan, Dec.1
By Maksim Tsurkov - Trend:
Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported 16.08 million tons of oil from Turkey's Ceyhan port in Jan.-Nov. 2015 versus 18.29 million tons of oil in the same period in 2014, the company's website said Dec.1.
SOCAR exported 1.53 million tons of oil from the Ceyhan port in November 2015, compared to 1 million ton in November 2014. In October 2015, exports totaled 1.44 million tons, which is 12.2 percent less than in 2014.
In total, the company exported over 20.48 million tons of oil from Ceyhan in 2014, compared to 19.75 million tons in 2013.
Oil is delivered to the Ceyhan port via the Baku-Tbilisi-Ceyhan oil pipeline.
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), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).
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