SOCAR increases oil export from Turkey’s Ceyhan port
Baku, Azerbaijan, Sept.2
By Azad Hasanli - Trend:
The Marketing and Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported 11.38 million tons of oil from Turkey’s Ceyhan port in January-August 2016, as compared to 11.27 million tons in the first eight months of 2015, said the message from SOCAR.
As much as 1.27 million tons of oil was exported from Ceyhan port in August 2016, as compared to 871,800 tons in the same period in 2015.
In total, SOCAR exported 17.93 million tons of oil from Turkey’s Ceyhan port in 2015, as compared to 20.48 million tons in 2014.
Oil is delivered to Ceyhan port via the Baku-Tbilisi-Ceyhan (BTC) 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 2003. It was filled with oil in 2005.
The shareholders of BTC Co., which was crested Aug.1, 2002 for the project’s implementation, 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).