Over 1.5 mln tons of Turkmen oil transported via BTC since early 2013

Oil&Gas Materials 20 July 2013 13:48 (UTC +04:00)

Azerbaijan, Baku, July 20 /Trend E.Ismayilov/

Around 1.6 million tons of Turkmen oil were transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in January-June 2013 which is similar with January-June 2012, the Azerbaijani State Statistics Committee told Trend today.

Most of Azerbaijani oil is exported via BTC.

"During this period, around 1.6 million tons of transit Turkmen oil were transported from the Sangachal terminal through the BTC oil pipeline," the State Statistics Committee reported.
Around 3.1 million tons of Turkmen oil were transported through the pipeline in 2012 and 2.1 million tons - in 2011.

Turkmen oil is transported via BTC within SOCAR Trading's contract with Dragon oil extracting oil in Turkmenistan.

Turkmen oil transportation via BTC has begun since July 2010.

SOCAR Trading buys oil from producers in Turkmenistan and delivers it through the Caspian Sea to Baku where there is an entrance flange of the Baku-Tbilisi-Ceyhan oil pipeline at the Sangachal terminal. BTC Co transports oil through the BTC pipeline and leases it to SOCAR Trading in the Mediterranean port of Ceyhan.

BTC Co shareholders are: BP (30.1 per cent), AzBTC (25 per cent), Chevron (8.9 per cent), Statoil (8.71 per cent), TPAO (6.53 per cent), Eni (five per cent), Total (five per cent), Itochu (3.40 per cent), Inpex (2.5 per cent), ConocoPhillips (2.50 per cent) and ONGC (2.36 per cent).

The pipeline's capacity is 1.2 million barrels of oil per day.