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BTC transports 650 million barrels of oil

Oil&Gas Materials 18 August 2009 16:26 (UTC +04:00)

Azerbaijan, Baku, Aug.18/ Trend /

Since June 4, 2006 till the end of the second quarter 2009, 824 tankers have been loaded at Ceyhan with a total of more than 650 million barrels (more than 87 million tonnes) of crude oil transported via BTC and sent to world markets, BP Company reported. In that time about 8 million barrels (about 2 million tonnes) of condensates have also been exported via BTC. BP is the operator of BTC, Azeri-Chirag-Guneshli and Shah Deniz projects.

The first volumes of oil from the Tengiz field in Kazakhstan entered BTC in October last year. Transportation of Kazakh oil via BTC continues in accordance with the Transportation Agreement between BTC Co and Tengizchevroil - the operator of the Tengiz field. 

The BTC Co. shareholders are: BP (30.1%); AzBTC (25.00%); Chevron (8.90%); StatoilHydro (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).

The 2009 plan for BTC capital expenditures is $143 million. During the first half, $38 million was spent on this. In 2008 this figure totaled $164 million.  

The total volume of oil and condensate exported by the BTC in 2008, amounted to 245.6 million barrels (about 32.9 million tons), while in the first quarter of 2009 - 65 million barrels (8.7 million tons).

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