BTC decreases Turkmen oil transportation in February
Azerbaijan, Baku, March 2 / Trend /
In February, the Baku-Tbilisi-Ceyhan oil pipeline transported 183,140 tons of Turkmen oil compared to 225,140 tons in January, SOCAR said.
In 2010 BTC transported 1.27 million tons of Turkmen oil. Pumping oil from Turkmenistan via the BTC started from July 2010
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 (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.