SOCAR exports over 1.4 mln tons of oil from Ceyhan in January
Azerbaijan, Baku, Feb. 5 / Trend E.Ismayilov /
The Marketing and Economic Operations Department of the State Oil Company of the Azerbaijan (SOCAR) exported 1.43 million tons of oil through the Turkish port of Ceyhan in January 2013 compared to around 2 million tons of oil in January 2012, the company reported on Tuesday.
The Marketing and Economic Operations Department exported 20.2 million tons of oil in 2012 compared to 22.97 million tons in 2011.
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), which sold its share to Indian ONGC. The transaction will be completed in the first quarter of 2013.