SOCAR slightly increases oil export from Turkey’s Ceyhan port

Business Materials 1 December 2014 17:34 (UTC +04:00)

Baku, Azerbaijan, Dec. 1

By Emil Ismayilov - Trend:

The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported 18.29 million metric tons of oil from the Turkish port of Ceyhan in January-November 2014 compared to 18.28 million metric tons during the same period of 2013, SOCAR said Dec. 1.

SOCAR exported 1.01 million metric tons of oil from Ceyhan in November compared to 1.83 million metric tons in the same month of 2013, SOCAR said.

In total, the state oil company exported 19.75 million metric tons of oil from the port of Ceyhan in 2013 compared to 20.2 million metric tons in 2012. Oil is supplied to the Ceyhan port through the Baku-Tbilisi-Ceyhan (BTC) 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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