SOCAR reduces oil export from Turkey’s Ceyhan port
Baku, Azerbaijan, Jan.6
By Maksim Tsurkov - Trend:
Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported 17.93 million tons of oil from Turkey's Ceyhan port in 2015 versus 20.48 million tons of oil in 2014, the company's website said Jan.6.
SOCAR exported 1.85 million tons of oil from the Ceyhan port in December 2015, compared to 2.19 million tons in December 2014. In November 2015, exports totaled 1.53 million tons versus 1 million tons in 2014.
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).
Follow the author on Twitter: @MaksimTsurkov