Azerbaijan, Baku, Jan. 18 / Trend E. Ismayilov /
Some 4.5 billion tons oil was transported in 2011 via the South Caucasus gas pipeline (Baku-Tbilisi-Erzurum) compared to 4.9 billion tons in 2010, the State Statistics Committee said today.
As of 2009, about 5.2 billion tons were transported via the pipeline and 4.7 billion cubic meters in 2008.
The length of the Baku-Tbilisi-Erzurum pipeline (South Caucasus Pipeline) is more than 700 kilometers. Power flow is more than 20 billion cubic meters of gas a year. Gas produced at gas-condensate field Shah Deniz in Azerbaijan sector of the Caspian Sea is transported through this pipeline. Gas is supplied to Georgia and Turkey. Azerbaijan also buys gas.
The contract to develop Shah Deniz was signed June 4, 1996. Participants are BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.