Azerbaijan, Baku, Aug.12 / Trend /
The State Oil Company of the Azerbaijani Republic (SOCAR) transported about 21 million tons of Azerbaijani oil through the Baku Tbilisi-Ceyhan (BTC) export pipeline in January to July, SOCAR said on Aug.12. As of Aug.1, more than 91 million tons of oil has been transported to the world market through this pipeline since very operation of this pipeline.
About 3.2 million tons of Azerbaijani oil was transported through the BTC in July.
About 21 million tons of Azerbaijani oil was transported from the Turkish port of to the world market In January to July. As of Aug.1, about 89.4 million tons of Azerbaijani oil has been transported to the world market through the BTC from launching of this pipeline.
In July, this index was 3.5 million.
The total length of BТС is 1.768 kilometers including the 443 kilometer section running via Azerbaijan, the 249 kilometer section via Georgia and the 1.076 kilometer via Turkey. Construction of the pipeline began in April 2003 and it was filled with oil on May 18, 2005.
A total of $4bilion has been spent for the construction of BTC not including fill-up of pipeline, financial expenses and payment of the bank rates. The credit allocated for the project totaled $2.6bilion.
BTC Co. shareholders include BP (30.1%); AzBTC (25%); Chevron (8.90%); Statoil Hydro (8.71%); ТРАО (6.53%); Eni (5%); Total (5%); Itochu (3.40%); Inpex (2.50%); ConocoPhillips (2.50%) and Amerada Hess (2.36%).