Volume of Turkmen oil transported via BTC ups
Azerbaijan, Baku, Feb. 10 / Trend /
The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 225,140 tons of Turkmen oil in January 2011 compared to 215,640 tons in December 2010, SOCAR said.
Roughly 1.5 million tons of Turkmen oil were transported via BTC from July 2010 to January 2011.
The oil is transported under contracts signed between the State Oil Company of the Azerbaijan Republic, Dragon Oil and other oil-producing companies in Turkmenistan.
SOCAR Trading buys and transports oil from producers in Turkmenistan across the Caspian Sea to the BTC entrance flange at the Sangachal Terminal in Baku. The BTC Co. then transports the oil via the BTC to SOCAR Trading at the Mediterranean port of Ceyhan, Turkey.
Earlier the BTC also transported oil from the Kazakh Tengiz Field, which is operated by Tengizchevroil (Chevron). However, oil shipments were suspended earlier this year due to the non-coordination of transportation conditions.
BTC Co. shareholders are: 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).
The BTC's pumping capacity is 1.2 million barrels of oil per day.