Azerbaijan, Baku, July 22 / Trend /
It is planned to pump about 23.85 million barrels of Azeri Light crude oil in August via Baku-Tbilisi-Ceyhan (BTC) pipeline compared to 25.3 million barrels of oil in August last year, a source on the oil and gas market said.
On average, it is planned to transport 769,000 barrels of oil via the BTC in August this year.
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).