Kazakh oil transportation via BTC ups in May
Azerbaijan, Baku, June 16 / Trend /
In January to May 2009, the Baku-Tbilisi-Ceyhan (BTC) pipeline transported roughly 754,800 tons of Kazakh oil from the Tengiz field compared to 592,000 tons in January-April, an Azerbaijani State Statistics Committee said.
The BTC transported roughly 163,000 tons of Tengiz oil in May compared to 138,000 tons in April.
The BTC transported as much as 285,100 tons of Kazakh oil in 2008 (October-December).
In October 2008, ChevronTexaco began transporting Tengiz oil via the BTC.
The agreement stipulates that the oil will be transited via the pipeline and by rail to the Georgian Kulevi and Batumi ports. The oil volume is expected to hit four million tons per year.
ChevronTexaco is the operator of Tengiz. TengizChevroil is involved in development of contract area.
The total length of BТС is 1.768 kilometre, including the 443 kilometre section running via Azerbaijan, the 249km section via Georgia and the 1.076 kilometre via Turkey. Construction of the pipeline was commenced in April 2003 and it was filled with oil on May 18, 2005.
BTC shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.90 percent), StatoilHydro (8.71 percent), TRAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.40 percent), Inpex (2.50 percent), ConocoPhilips (2.50 percent) and Hess (2.36 percent).
The State Oil Company of Azerbaijan Republic (SOCAR) is an owner of the Black Sea terminal in Kulevi and KazMunayGaz - Batumi.