BTC transports about 18mln tons of Azerbaijani and Turkmen oil in first half-year
Azerbaijan, Baku, Aug. 10 / Trend, E.Ismayilov /
In January-June, the Baku-Tbilisi-Ceyhan (BTC) transported about 18 million tons of oil, BP Azerbaijan Company's report says.
According to the Company's report, capital expenditures within the BTC in the first quarter amounted to 13.4 million dollars According to forecasts, in 2010 capital expenditures on the BTC will reach $69 million
According to the report, the pipeline transports oil from block of Azerbaijan's offshore fields Azeri-Chirag-Guneshli and condensate from Shah Deniz field. After signing an agreement on transportation of oil via the BTC Turkmen oil extracted by Dragon oil Company is also transported via the pipeline. There is an agreement on transporting the oil from the Kazakh Tengiz field.
In 2009, the BTC exported about 38 million tons (285 million barrels). In 2009, capital costs for the BTC project amounted to $92 million.
The pipeline transports oil from "Azeri-Chirag-Guneshli" fields and condensate from "Shah Deniz" field.
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%).
Some 16 million barrels of oil were transported via the Baku-Supsa Pipeline in January-June. In the first quarter 4.7 million barrels were exported by railway.