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BTC transships more than 17 million tons of oil in January - June

Oil&Gas Materials 16 July 2012 13:17 (UTC +04:00)

Azerbaijan, Baku, July 16 /Trend E.Ismayilov/

In January-June 2011, the Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported over 17.4 million tons of oil compared to 18.2 million at the same period of 2011, the State Oil Company of the Azerbaijan Republic (SOCAR) reported.

"Some 76.9 percent of the volume of oil transported through trunk pipelines of the country accounts for the Baku-Tbilisi-Ceyhan oil pipeline," the Committee said.

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).

In January-June, the South Caucasus gas pipeline (Baku-Tbilisi-Erzurum) transported 2.2 billion cubic meters of gas compared to 2.4 billion cubic meters of gas in January-June 2011.

The range of the Baku-Tbilisi-Erzurum (South Caucasian gas pipeline) is more than 700 km. The pumping capacity is more than 20 bln cu m of gas per year. The gas produced from the Shah Deniz field in the Azerbaijani sector of the Capian Sea is transported via the pipeline. The gas is supplied Georgia and Turkey. Azerbaijan also appears as the buyer of gas.

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