Baku, Azerbaijan, April 15
By Emil Ismayilov - Trend:
The Baku-Tbilisi-Ceyhan (BTC) oil pipeline which exports most of the oil produced in Azerbaijan, transported around 1.4 million tons of Turkmen oil in January-March, compared to 774,700 tons in the same period last year, the Azerbaijani State Statistical Committee reported.
Some 3.1 million tons of Turkmen oil were transported via BTC in 2013 compared to 3.1 million tons in 2012.
"Some 1,4 million tons of transit Turkmen oil have been transported from the Sangachal Terminal via the BTC pipeline for three 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 S.I.