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BTC transport over 25 million tons of oil

Oil&Gas Materials 7 October 2011 11:33

Azerbaijan, Baku, Oct. 7 / Trend , E.Ismayilov /

The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 25.3 million tons of oil in January-September 2011 compared to about 28 million at the same period of 2010, the State Oil Company of the Azerbaijan Republic (SOCAR) reported today.

As of Sept. 1, the volumes of oil transported via BTC hit over 168.84 million tons.
According to the information, about 2.9 million tons of oil were transported via BTC in September compared to 3.14 million tons in September 2010.

About 24.76 million tons were delivered from the Turkish port of Ceyhan to the world markets in January-September compared to 27.9 million tons in January-August last year. As of Oct. 1, 2011, about 166.69 million tons of Azerbaijani oil were delivered from Ceyhan to the world markets.

According to the information, about 2.7 million tons of Azerbaijani oil were shipped from Ceyhan to the world market in September (over 1.96 million tons fall to SOCAR) compared to 3 million tons in September 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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