BTC transports over 32 mln tons of Azerbaijani oil in 2011

Oil&Gas Materials 9 January 2012 16:47 (UTC +04:00)

Azerbaijan, Baku, Jan.9 / Trend , E.Ismayilov /

The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported over 32.2 million tons of oil in 2011 compared to 37 million in 2010, the State Oil Company of Azerbaijan (SOCAR) said on Monday.

As of Jan.1, the volumes of oil transported via BTC hit over 175.78 million tons.

Over 32.08 million tons of oil was delivered to the world markets from the Turkish port of Ceyhan in 2011 compared to 34.1 million tons in 2010. As of Jan.1, 2012, about 174.02 million tons of Azerbaijani oil was delivered from Ceyhan to the world markets.

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).