Turkmen oil transportation via BTC increases by 2.5 times
Baku, Azerbaijan, March 17
By Emil Ismayilov - Trend:
The Baku-Tbilisi-Ceyhan (BTC) oil pipeline which exports most of the oil produced in Azerbaijan, transported around 938,400 tons of Turkmen oil in January-February compared to 372,800 tons in January-February 2013, the Azerbaijani State Statistical Committee said on March 17.
Some 3.3 million tons of Turkmen oil were transported via BTC in 2013 compared to 3.1 million tons in 2012.
"Some 938,400 tons of transit Turkmen oil have been transported from the Sangachal Terminal via the BTC pipeline for two months," the state committee said.
Turkmen oil is transported via the BTC as part of a contract between SOCAR Trading and Dragon oil, producing oil in Turkmenistan.
Transportation of Turkmen oil 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 BTC to SOCAR Trading at the Mediterranean port of Ceyhan, in Turkey.
BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (five percent), Total (five percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent)
BTC's pumping capacity is 1.2 million barrels of oil per day.
Translated by NH
Edited by CN