BTC ups Turkmen oil transportation
Azerbaijan, Baku, Feb.16 / Trend E.Ismayilov /
The Baku-Tbilisi-Ceyhan oil pipeline transported over 318,000 tons of the Turkmen oil in January, 2012 compared to over 225,100 tons in January, 2011, the Azerbaijani State Statistics Committee told Trend on Thursday.
The BTC transported 2.1 million tons of Turkmen oil in 2011 compared to 1.3 million tons in 2010.
The oil is transported under contracts signed between SOCAR, Dragon Oil producing oil in Turkmenistan. The contract between the parties was extended until late 2012.
Oil transportation via the BTC began in July, 2010.
SOCAR Trading buys and transports oil from producers in Turkmenistan across the Caspian Sea to the BTC entrance flange at the Sangachal Terminal in Baku. The BTC Co. then transports the oil via the BTC to SOCAR Trading at the Mediterranean port of Ceyhan, Turkey.
BTC Co. shareholders are: BP (30.1 percent); AzBTC (25 percent); Chevron (8.90 percent); Statoil (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).
The BTC's pumping capacity is 1.2 million barrels of oil per day.