Turkmen oil transportation via BTC decreases in January 2013
Azerbaijan, Baku, 16 Feb. / Trend E.Ismayilov /
In January 2013, the Baku-Tbilisi-Ceyhan (BTC) pipeline, which exports most of the oil produced in Azerbaijan, transported 196,400 tons of Turkmen oil compared to 318,200 tons in the same period in 2012, the State Statistics Committee told Trend.
In 2012, the pipeline transported 3.1 million tons of Turkmen oil and 2.1 million tons in 2011.
Turkmen oil is transported via the BTC under the contract between SOCAR Trading and Dragon oil, producing oil in Turkmenistan.
Turkmen 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 Hess (2.36 percent) (sold its share to Indian ONGC, the deal will be completed in the first quarter of 2013).
The BTC's pumping capacity is 1.2 million barrels of oil per day.