More than 37mln Tons of Azerbaijan’s Light Oil Transported via Baku-Tbilisi-Ceyhan pipeline

Oil&Gas Materials 16 January 2008 16:28 (UTC +04:00)

Azerbaijan, Baku, 16 January / Trend / More than 37.4mln tons of the light oil, produced from the Azeri-Chirag-Gunashli fields, have been exported via Baku-Tbilisi-Ceyhan pipeline since it has been launched, stated a source from the State Oil Company of Azerbaijan (SOCAR).

In 2007, 28.02mln tons of oil have been transported via this route. In the Dec last year, 2.756mln tons of oil was transported through the pipeline.

The BP-operated BTC is used for the transportation of the light oil produced from the Azeri-Chirag-Gunashli fields. The only two foreign participants in the project of the Azeri-Chirag-Guneshli field development, the US companies ExxonMobil and Devon deliver their oil via BTC. These companies were not the investors in the BTC construction and sell their oil via the Georgian port of Batumi, by the railway.

The total length of BТС is 1.768km, including 443km-section running via Azerbaijan, 249km section via Georgia and1.076km via Turkey. The pumping capacity of the pipeline is over 50mln tons of oil (1mln barrels of oil a day). By next year, the discharge capacity will be expanded to 1.2mln barrels of oil a day, at the expense of pumping chemical reagents.

The construction of pipeline was commenced in April 2003 and it was fulfilled with oil on 18 May 2005. The oil reached the Georgian section of the oil pipeline on 10 August 2005, the Turkish section on 18 November 2005 and the Ceyhan terminal on 28 May 2006.

A total of $4bln has been spent for the construction of the BTC- 1,768km pipeline. This sum does not include the fulfillment of the pipeline, financial expenses and payment of the bank rates. The credit allocated for the project totalled $2.6bln.

The BTC Co. shareholders are: BP (30.1%); AzBTC (25.00%); Chevron (8.90%); Stateoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%); Itochu (3.40%); INPEX (2.50%); ConocoPhillips (2.50%) and Hess (2.36%).