Baku, Azerbaijan, Sept.19
By Emil Ismayilov - Trend:
Some 384 million metric tons of oil have been exported by oil transportation infrastructure as of September 1, 2014 within the framework of the Contract of the Century (signed September 20, 1994), which involves the development of Azeri-Chirag-Guneshli block of oil and gas fields, stated the head of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev in an interview with the website of the Yeni Azerbaijan ruling party published Sept.19.
The proven oil reserve of block is estimated at about one billion metric tons. The shares in the contract are distributed as follows: BP (operator in the Azeri-Chirag-Guneshli) - 35.78 percent, Chevron - 11.27 percent, Inpex - 10.96 percent, AzACG - 11.65 percent, Statoil - 8.56 percent, Exxon - 8 percent, TPAO - 6.75 percent, Itocu - 4.3 percent and ONGC - 2.72 percent.
In particular, some 254.9 million metric tons fell on the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, 69.1 million metric tons - Baku-Supsa pipeline, 39.1 million metric tons - the Baku-Novorossiysk pipeline of the total volume of the exported oil, Abdullayev said. Some 20.5 million metric tons of oil were exported by rail.
Also, some 11.6 million metric tons of Turkmen and more than 4.3 million metric tons of Kazakh oil were exported via the main export pipeline in Azerbaijan - BTC as of Sept. 1, the president of SOCAR noted.
BTC pipeline capacity is 50 million metric tons a year and this figure can be increased up to 60 million metric tons in the future, Abdullayev said.
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), TPAO (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).