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Over 22 million tons of oil transported via BTC in Jan.-Aug.

Oil&Gas Materials 7 September 2011 14:28

Azerbaijan, Baku, Sept. 7 / Trend /

In January-August 2011, the Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported over 22.76 million tons of oil compared to 24.8 million at the same period of 2010, the State Oil Company of the Azerbaijan Republic (SOCAR) reported.
As of Sept. 1, the volumes of oil transported via BTC hit over 166.32 million tons.

According to the information, about 2.9 million tons of oil were transported via BTC in August compared to 3.2 million tons in August 2010.

More than 22.09 million tons were delivered from the Turkish port of Ceyhan to the world markets in January-August compared to 24.9 million tons in January-August last year. As of Sept. 1, 2011, about 164.03 million tons of Azerbaijani oil were delivered from Ceyhan to the world markets.

According to the information, about 2.55 million tons of Azerbaijani oil were shipped from Ceyhan to the world market in August (over 1.56 million tons fall to SOCAR) compared to 3.1 million tons in August 2010.

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).

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