Azerbaijani Oil Shipping Schedule from Turkish Ceyhan Port in August-September

Azerbaijan, Baku, 27 August / Trend corr. E.Ismayilov, S.Ilhamgizi / Huseyn Sagir, Head of the Botas International Limited on media, told Trend that the loading of the first Azerbaijani light oil tanker has commenced in the Ceyhan port after the repairs on the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.

The first consignment of loaded light oil will comprise 1mln barrels. Consignment owned by the State Oil Company of Azerbaijan (SOCAR), BP is the operator of BTC and AZERI-Chirag-Gunashli.

Fire broke out on BTC section, which goes via the Turkish Arzincan city, on 5 August.

The total length of BTC is 1,768km, 443km running through Azerbaijan, 249 - Georgia and 1,706 - Turkey. The construction of the pipeline began in April 2003 and it was made operational on 18 May 2005.

The construction of BTC cost $4bln excluding the expenses incurred to fill the pipeline, financial expenditures and payment of the bank interest rates. The financial credit totaled to $2.6bln.

The shareholders of BTC are BP (30.1%), AzBTC (25%), Chevron (8.90%), StatoilHydro (8.71%), TRAO (6.53%), Eni (5%), Total (5%), Itochu (3.40%), Inpex (2.50%), ConocoPhilips (2.50%) and Hess (2.36%).

The oil loading schedule in Ceyhan port in August-September (thousand barrels)

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