Kazakhstan Parliament’s Senate Approves Document to Join the Baku-Tbilisi-Ceyhan Project
Kazakhstan, Astana, 24 April / Trend corr. K.Konirova / The Kazakhstan Senate (Parliament Supreme Chamber) has approved the draft law on the agreement with Azerbaijan regarding oil transport via the Baku-Tbilisi-Ceyhan system.
The document was adopted and will be submitted to Nursultan Nazarbayev, the Kazakhstan President, to be signed.
The total length of the BТС pipeline is 1.768km, including a 443km segment running via Azerbaijan, a 249km segment via Georgia and a 1.076km segment via Turkey.
The construction of the pipeline commenced in April 2003 and was in operation 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 1,768km BTC pipeline. The credit allocated for the project totaled $2.6bln.
The BTC shareholders are BP (30.1%); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%); Itochu (3.40%); INPEX (2.50%); ConocoPhillips (2.50%) and Hess (2.36%).
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