SOCAR increases oil exports from Turkey’s Ceyhan port
Baku, Azerbaijan, May 2
By Emil Ismayilov - Trend:
The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported nearly 6.78 million tonnes of oil from the Turkish port of Ceyhan in January-April 2014, compared to 6.42 million tonnes during the same period of 2013, SOCAR said on May 2.
SOCAR exported some 2.08 million tonnes of oil from Ceyhan in April compared to 1.83 million tonnes in April 2013.
In total, the state oil company exported 19.75 million tonnes of oil from the port of Ceyhan in 2013 compared to 20.2 million tonnes in 2012.
Oil is supplied to the Ceyhan port through the Baku-Tbilisi-Ceyhan (BTC) pipeline.
The total length of the BTC pipeline is 1,768 kilometers, some 443 kilometers of which runs through Azerbaijan, 249 kilometers through Georgia and 1,076 kilometers through Turkey. Construction of the pipeline started in April 2003 and began flowing with oil on May 18, 2005.
BTC Co., was established on August 1, 2002, stockholders 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 (3.40 percent), Inpex (2.5 percent), ConocoPhillips (2.50 percent) and ONGC (2.36 percent).
Translated by L.Z.
Edited by C.N.