Part of Work on Expansion of BTC Carrying Capacity Completed in Azerbaijan

Azerbaijan, Baku, 3 Dec. / Trend , corr. E.ismayilov / Azfen company has completed entire volume of necessary works in THE Sangachal terminal within the framework of expansion of carrying capacity of the Baku- Tbilisi -Ceyhan(BTC) pipeline to 1.2mln barrels per day, a source from the company said.

"Work on expansion of carrying capacity of the pipeline performs not Azfen, but the company has completed necessary for this works on the terminal," the source said.

The source did not detail which concrete works had been carried out in the terminal.

Since the beginning of 2009, the carrying capacity of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline will be brought to 1.2mln barrels per day.  Murad Lekont, the spokesperson of BP in Turkey. The works in this direction are expected to be completed to the end of the year.

The expansion of the capacity of the pipeline to 1.6mln barrels of oil per day has not been considered yet, Lenkont said.

The cost of expansion of the carrying capacity of BTC pipeline from 1mln barrel per day to 1.2mln barrel per day is estimated at $69mln. Special equipment for the usage of inhibitor (chemical reagent) will be installed on the pipeline. Now the works on the expansion of the carrying capacity of the pipeline is being carried out in the territory of Azerbaijan, Georgia and Turkey.

Currently, about 600,000 barrels of oil per day is pumped via BTC.

Since April 2007, the delivery of the Azerbaijan light oil on world markets is achieved via BTC. In 2007, some 28mln tons of oil was pumped via the pipeline. Since the beginning of export via BTC a total of 45mln tons of oil was pumped via the pipeline.

Construction of BTC costs $4mln. These are expenditures for construction work; filling of conduit, financial expenditures and payment of bank percentages here do not enter. The sum of general financial credit is $2.6bln.

BTC Company shareholders are BP (30.1%); AzBTC (25%); Chevron (8.9%); Statoil Hydro (8.71%); ТРАО (6.53%); Eni (5%); Total (5%); Itochu (3.40%); Inpex (2.50%); ConocoPhillips (2.50%) and Hess (2.36%). Pipeline's design carrying capacity is 1mln barrels of oil per day.

Have any feedback? Contact our journalist at: capital@trend.az

Azerbaijan confirms 132 more COVID-19 recoveries
Azerbaijan confirms 132 more COVID-19 recoveries
Azerbaijan confirms 131 more COVID-19 recoveries
Azerbaijan confirms 131 more COVID-19 recoveries
US embassy in Azerbaijan urges to reconsider non-essential travel outside Absheron Peninsula
US embassy in Azerbaijan urges to reconsider non-essential travel outside Absheron Peninsula
Loading Bars
Latest
PM Pashinyan urges Armenians to flee from Nagorno-Karabakh region to Armenia
Iranian Energy Exchange announces products to be on sale September 28
Defense ministry: Azerbaijani military command proposes Armenian garrison in Agdere to surrender
EEAS High Representative: Return to negotiations of Nagorno Karabakh conflict settlement needed urgently
Azerbaijani parliament make decision to introduce martial law
Iran’s Bahar Azadi gold coin price still rising
UN High Commissioner for Refugees: Crucial that Armenia and Azerbaijan heed calls for de-escalation, calm
Azerbaijani president: Armenia will be held accountable for this crime
NATO deeply concerned by large-scale military hostilities in Nagorno-Karabakh conflict zone
ICRC calls on Armenia, Azerbaijan to take all measures necessary to ensure that civilian life and infrastructure respected, protected
Iran expands volume of gas reserves
Azerbaijani defense minister: Armenian armed forces retreating suffering big losses
Ukrainian MFA deeply concerned with escalation of conflict between Armenia, Azerbaijan
Azerbaijani community of Nagorno-Karabakh issues statement on Armenia’s recent attack (VIDEO)
MFA: Georgia express readiness to contribute to de-escalation of Armenian-Azerbaijani conflict
Azerbaijani president: I have said several times, including from UN platform recently, that Armenia preparing for new war, and Armenia must and will be stopped
Israel-Azerbaijan International Association urges Armenia to stop occupation policy
President Ilham Aliyev: Azerbaijan will never negotiate with puppet junta regime
Azerbaijani president: Ours is the cause of justice, we will win
Azerbaijani president: Armenia received their punishment this time again and will continue to receive it
France reiterates its commitment to reaching negotiated and lasting settlement of Nagorno Karabakh conflict
Turkish president phones Azerbaijani president
OSCE Chairperson-in-Office calls for return to ceasefire around Nagorno-Karabakh
German Federal Foreign Office appeals to end hostilities within Nagorno Karabakh region
President Erdogan: Turkey with all its capacities close to Azerbaijan
Assistant to president: Security Council holds meeting chaired by Azerbaijani supreme commander
Iran reveals its COVID-19 data for September 27
Azerbaijani parliament to hold meeting
Azerbaijani Defense Ministry shared video footage from battlefield
Azerbaijan confirms 132 more COVID-19 recoveries
Azerbaijani Defense Ministry: Armenian armed forces’ defense line broken through, 7 villages liberated from occupation
Kazakhstan's MFA calls on Azerbaijan, Armenia to abandon use of force, start negotiations
Council of Europe Secretary General calls on Armenia, Azerbaijan to immediately stop hostilities
Hajiyev: Azerbaijani people united around supreme commander
Hikmat Hajiyev: Armenians distributing old videos
President of European Council appeals for military action to stop within Nagorno Karabakh conflict
Azerbaijani Prosecutor General's Office: 9 wounded civilians hospitalized
Azerbaijani BestComp Group wins CISCO Corporation's tier-one partnership
Weekly review of Azerbaijan's transport sector
Georgia president: Very concerned with resumption of hostilities between Armenia, Azerbaijan
Turkish Parliament Speaker: Armenia - terrorist state that threatens not only Azerbaijan
Turkish ambassador: Turkey has always been and will be next to Azerbaijan
Defense ministry discloses villages liberated by Azerbaijani army
Zakharova: Russian FM intensively conducting talks on situation in Nagorno-Karabakh region
OSCE MG co-chairs appeal to cease hostilities within Nagorno-Karabakh conflict
Azerbaijan's MFA: Full responsibility for current situation falls on Armenia
Assistant to president: Azerbaijani armed forces liberate number of occupied territories
Azerbaijani president chairs meeting of Security Council (PHOTO)
Defense Consultant: Any activities conducted in Nagorno Karabakh by Armenia - illegal
CSTO makes statement regarding aggravation of Nagorno-Karabakh conflict
President Ilham Aliyev: Armenia plans to occupy Azerbaijani lands and does not hide it
Armenia confirms casualties suffered from its military attack on Azerbaijan
Iranian Offshore Oil Company boosts extraction
President Ilham Aliyev: Azerbaijani army currently inflicting blows to Armenia's military positions
Azerbaijani NGOs appeal to presidents of US, Russia, France due to Armenian provocation
Ombudsman makes statement on Armenia's gross violation of ceasefire with Azerbaijan
Net profit of Azerbaijani banks slightly drops
Port facilities launched in Iran's Hormozgan Province
Azerbaijan's import of cars from Turkey down
Import of cars from Turkey to Russia down during COVID-19
Cargo shipment data from Italy via Turkey's port disclosed
Azerbaijan discloses names of civilians wounded as result of Armenia's attack
Azerbaijani Defense Ministry: Armenian side suffering numerous losses
Lithuanian, Latvian FMs concerned over Armenia's large-scale provocation against Azerbaijan
Foreign Ministry: Turkey to render required support to Azerbaijan
President Aliyev: Armenia plans to occupy Azerbaijani lands and does not conceal that
Azerbaijani president: We have no military targets in Armenia
Russian Foreign Ministry makes statement about hostilities in Nagorno-Karabakh region
President Aliyev: Azerbaijani Army currently firing on and dealing blows to Armenia's military positions
Defense Ministry: Azerbaijan Army’s counter-offensive operation continues successfully
Value of goods sold at Iran Mercantile Exchange increases
Demand for Turkish cars in Kazakhstan drops
President Ilham Aliyev appeals to Azerbaijani people (PHOTO)
Turkish presidential spokesman: Ankara supports Baku, condemns Armenia’s latest provocative actions against Azerbaijan
Turkish presidential administration: Armenia responsible for destabilizing situation in region
Turkish Grand National Assembly member: Armenian PM’s behavior shows that his policy far from peace and stability
Azerbaijani Defense Ministry appeals to population of occupied Nagorno-Karabakh region
Defense ministry: Azerbaijan denies Armenia’s information about shooting down of 3 tanks
S. Korea reports 95 more COVID-19 cases, 23,611 in total
Arab analyst: OIC should have clear position in resolution of Nagorno-Karabakh conflict
Peru's COVID-19 cases exceed 800,000
Number of trucks passes via Iran's Bazargan checkpoint revealed
Tengiz Tsertsvadze: Incease in coronavirus cases is expected for next several days, the situation will stabilize afterwards
12 OSA anti-aircraft missile systems of Armenian air defense units were destroyed - Defense Ministry
Defense Ministry: Azerbaijan Army’s Troops launches counter-offensive operation along entire front
Hikmat Hajiyev: Entire responsibility for situation at frontline, its further dev't lies on leadership of Armenia
Defense Ministry: Firing points and combat activities of armed forces of Armenia suppressed
Iran's cotton production to increase
Iranian diplomat, UN envoy stress political talks to solve Syrian crisis
COVID-19: 64 fresh cases recorded in Kazakhstan
Armenian armed forces shell Azerbaijani human settlements located in the frontline zone
22 illegal immigrants rescued, 3 bodies recovered off Libyan coast
China's foreign minister may visit Japan as early as October
13 militants killed in clashes with army in northern Lebanon
Trump nominates conservative judge Amy Coney Barrett for U.S. Supreme Court
Explosion kills 7 in Syria's Hasakah
Moscow's death toll from confirmed coronavirus cases rises by 18
Saudi Arabia plans to resume tourist visas by early 2021: minister
Plant of Iran's South Kaveh Steel Company launched
Azerbaijan's cotton company to purchase tires via tender
All news