SOCAR ups oil exports from Ceyhan in February
Azerbaijan, Baku, March 5/ Trend, E.Ismayilov /
The Marketing and Economic Operations Department of the State Oil Company of the Azerbaijan Republic (SOCAR) exported 3.17 million tons of oil in January-February 2013 compared to 3.27 million tons of oil through the Turkish port of Ceyhan in January-February 2012, SOCAR said on Monday.
According to the report, over 1.74 million tons of oil in February was exported compared to 1.36 million tons in February 2012.
In 2012 the Marketing and Economic Operations Department exported 20.2 million tons of oil from the Turkish port of Ceyhan 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 1768 kilometres including a 443-kilometre section running via Azerbaijan, a 249 kilometre section traversing Georgia and a 1076 kilometre section passing through Turkey. The pipeline's construction began in April 2003. The first oil was marketed on 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). The latter sold its share to Indian ONGC. The transaction will be completed in the first quarter of 2013.