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SOCAR exports over 20 mln tons of oil from Ceyhan in 2012

Oil&Gas Materials 7 January 2013 16:03

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

The Marketing and Economic Operations Department of the State Oil Company of the Azerbaijan Republic (SOCAR) exported 20.2 million tons of oil in 2012 compared to 22.97 million tons of oil through the Turkish port of Ceyhan in 2011, SOCAR reported today.

The Marketing and Economic Operations Department exported 1.65 million tons of oil in December which is similar with December 2011.

The Marketing and Economic Operations Department exported around 27.27 million tons of Azerbaijani oil from Turkish port of Ceyhan in 2010.

Oil is supplied to the Ceyhan port through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.

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 per cent); AzBTC (25 per cent); Chevron (8.90 per cent); Statoil Hydro (8.71 per cent); ТРАО (6.53 per cent); Eni (5 per cent); Total (5 per cent); Itochu (3.40 per cent); Inpex (2.50 per cent); ConocoPhillips (2.50 per cent) and Amerada Hess (2.36 per cent).

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