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Over 36 million tons of Azerbaijani oil transported via BTC in 2009

Oil&Gas Materials 8 January 2010 17:41 (UTC +04:00)

Azerbaijan, Baku, Jan. 8 / Trend /

The Baku-Tbilisi-Ceyhan (BTC) transported about 36.2 million barrels of Azerbaijani oil in 2009, SOCAR said today. As of Jan. 1, 2010, about 106.5 million tons of oil were transported via this oil pipeline in total.

In December 2009, BTC transported about 2.8 million barrels of Azerbaijani oil compared to 2.9 million in November.

The BTC transported 1.9 million tons of the Kazakh oil from the Tengiz field in 2009 compared to 285,100 in 2008 (October-December).

The U.S Company ChevronTexaco launched transportation of Tengiz oil via BTC in October 2008. According to terms of the agreement, Tengiz oil will be transported via BTC and railway to Georgian ports (Kulevi and Batumi). Volumes of transported oil are expected to be increased up to 4 million tons per year. ChevronTexaco is the operator of Kazakh field Tengiz. TengizShevroil Operation Company deals with development of contractual area. 

About 36.3 million barrels of Azerbaijani oil in 2009 were transported from Turkish port of Ceyhan to the world markets in 2009, SOCAR said today. As of Jan. 1, 2010, about 104.7 million tons of oil was transported from Ceyhan to the world markets via this oil pipeline in total.

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 shareholders include BP (30.1 percent); AzBTC (25 percent); Chevron (8.90 percent); Statoil Hydro (8.71 percent); ТРАО (6.53 percent); Eni (5 percent); Total (5 percent); Itochu (3.40 percent); Inpex (2.50 percent); ConocoPhillips (2.50 percent) and Amerada Hess (2.36 percent).

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