Bulk of Turkmen oil transported through Azerbaijan via BTC
Azerbaijan, Baku, June 4 / Trend E.Ismayilov /
The Baku-Tbilisi-Ceyhan oil pipeline transports 50,000 tons of Turkmen oil per day, a senior source at the State Oil Company of the Azerbaijan Republic (SOCAR) said.
"The BTC transports 50,000 tons of Turkmen oil per day and part of it is transported by rail," the source said.
BTC transported about 2.3 million tons of Turkmen oil from July 2010 to May 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 (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.