BTC transports over 142 mln tons of oil

Oil&Gas Materials 30 November 2010 17:14 (UTC +04:00)

Azerbaijan, Baku, Nov.30 / Trend, E.Ismayilov /

In January-September, the Baku-Tbilisi-Ceyhan (BTC) transported about 28.6 million tons (213.5 million barrel) of oil, BP Azerbaijan report on the results of three quarters says.

According to the Company's report, capital expenditures within the BTC during this period amounted to 20.1 million dollars

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.

As of late November, since its commissioning, this pipeline transported 142.4 million tons of oil (about 1.063 million barrels), which was supplied to the world markets by 1,354 tankers.

In 2009, the BTC exported about 38 million tons (285 million barrels). In 2009, capital costs for the BTC project amounted to $92 million.

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

About 23 million barrels of oil were transported via the Baku-Supsa Pipeline in January-September. During three quarters 7.5 million barrels were exported by railway.