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Over 18 million tons of Azerbaijani oil shipped from Ceyhan in first quarter

Oil&Gas Materials 13 July 2010 14:25 (UTC +04:00)

Azerbaijan, Baku, July 13 / Trend /

About 18.3 million tons of Azeri Light oil delivered through the Baku-Tbilisi-Ceyhan (BTC) were shipped in January-June from the Turkish port of Ceyhan, SOCAR said. As of July 1 this year, about 122.9 million tons of oil were shipped from Ceyhan.

According to the report, about 3.28 million tons of Azerbaijani oil were shipped via the BTC in June.

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.

About $4 billion were spent for BTC construction. Filling the pipeline, financial expenses and payment of bank interest are not included. Total amount of financial credit is $ 2.6 billion.

BTC Co. 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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