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Over 12 million tons of Azerbaijani oil transported via BTC in January-June

Oil&Gas Materials 4 July 2011 12:48

Azerbaijan, Baku, July 4 / Trend /

In January-June 2011, the Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported about 12 million tons of oil. The figure falls to the state and the State Oil Company of the Azerbaijan Republic (SOCAR). The figure hit over 2.168 million tons in June.

As of July 4, about 1.226 billion barrels of oil was transported via BTC since its commissioning.

About 37 million tons of oil was transported via BTC in 2010 compared to 36.2 million tons in 2009.

The total length of BТС is 1.768 kilometers including the 443 kilometer section running via Azerbaijan, the 249 kilometer section via Georgia and the 1.076 kilometer via Turkey.

Construction of the pipeline began in April 2003 and it was filled with oil on May 18, 2005.
The BTC shareholders are BP (30.1 percent), AzBTC (25 percent), Chevron (8.90 percent), Statoil (8.71 percent), TRAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.40 percent), Inpex (2.50 percent), ConocoPhilips (2.50 percent) and Hess (2.36 percent).

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