SOCAR exports 15 million tons of oil from Ceyhan

Oil&Gas Materials 2 September 2011 17:00

Azerbaijan, Baku, Sept. 2 / Trend /

The Marketing and Economic Operations Management of the State Oil Company of the Azerbaijan Republic (SOCAR) exported about 15.7 million tons in January-August compared to 18.57 million tons of oil through the Turkish port of Ceyhan in January-August 2010, the company reported.

SOCAR exported about 1.56 million tons of oil from Ceyhan in August compared to 2.22 million tons in Jule.

Oil is supplied to the Ceyhan port through the main export pipeline Baku-Tbilisi-Ceyhan (BTC). In addition to SOCAR, other participants in the project to develop the Azeri-Chirag-Guneshli fields in the Azerbaijani sector of the Caspian Sea also ship their oil from the Ceyhan port.

The BТС's total length is 1.768 kilometers including a 443-kilometer section running via Azerbaijan, a 249-kilometer section traversing Georgia and a 1.076-kilometer section passing through Turkey. The pipeline's construction began in April 2003. First oil was marked May 18, 2005.

BTC Co. shareholders include: 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).