BTC to transport some portion of oil from Kazakh Kashagan field

BTC to transport some portion of oil from Kazakh Kashagan field

Baku, Azerbaijan, May 15

By Emil Ismayilov - Trend:

Once the oil production at Kazakhstan's Kashagan offshore field increases, some portion of this oil will be transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan's Energy Minister, Natig Aliyev said.

The minister made the remarks in his interview with The Business Year-Azerbaijan 2014 magazine.

Kazakhstan said it is planned to produce some 23 million tonnes of oil at the field per year in the first stage and to increase this volume to 50 million tonnes in the second stage, Aliyev said,

"In that case, some portion of this crude oil will be exported through Azerbaijan to markets in the West," the minister stressed.

The BTC has already begun to transport the Kazakh oil.

BTC is expected to transport around three million tonnes of oil from Kazakhstan's Tengiz field in 2014, Uzakbai Karabalin, the country's Oil and Gas Minister said earlier.
Moreover, BTC also transports Turkmenistan's oil.

The total length of the BТС is 1,768 kilometers including a 443 kilometer long section running through Azerbaijan, a 249 kilometer long section in Georgia and a 1,076 kilometer long section in Turkey. The construction of the pipeline started in April 2003. It was filled with oil on May 18, 2005.

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

The shareholders of BTC are BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), TPAO (6.53 percent), Eni (five percent), Total (five percent), Itochu (3.40 percent), Inpex (2.5 percent), ConocoPhilips (2.50 percent) and ONGC (2.36 percent).

Edited by C.N.

NIO cars arriving in Israel for Mobileye robotaxi trials
NIO cars arriving in Israel for Mobileye robotaxi trials
Payoneer set for Nasdaq listing as SPAC approves merger
Payoneer set for Nasdaq listing as SPAC approves merger
Israel's active COVID-19 cases more than triple in 2 weeks
Israel's active COVID-19 cases more than triple in 2 weeks
Loading Bars
Latest
Saudi Arabia considers developing industrial zone in Oman
NIO cars arriving in Israel for Mobileye robotaxi trials
COVID-19 vaccination in Russia remains voluntary
Moderna hopes to deliver COVID vaccines to Germany faster
Wheat harvesting continues in villages of Azerbaijan's Tartar near liberated lands (PHOTO)
New ambassador of Kyrgyzstan to Azerbaijan appointed
Saipa, Iran Khodro, Isfahan Refinery keep Tehran Stock Exchange's upward trend
Silk Way West Airlines to enter the global pharmaceutical logistics market with GDP certification
Georgia eyes to introduce mandatory unemployment insurance mechanism
Iranian oil minister talks about work done in oil, gas sectors
Iran’s Bahar Azadi gold coin price dips
Azerbaijan plays crucial role in connectivity of INSTC with Indian port - ambassador
Export value of Georgia's domestic beer down
Uzbekistan among top-10 countries of world in gold mining - Forbes
Azerbaijani president, first lady view conditions created at Gulustan Palace after renovation (PHOTO)
Certain cities, villages in Iran supplied with gas
Innovative technologies in Azerbaijan ensure transparency in rendering services - B.EST Solutions CEO
Several industrial investment projects to be commissioned in Kazakhstan's Shymkent
Azerbaijan holds working group meeting on clearing mines, unexploded ordnance in de-occupied lands (PHOTO)
Georgia, Ukraine and Moldova to discuss further cooperation with EU
Iran's exports grow in value, volume - Iran Customs Administration
Iran Customs Administration shares data on Iran’s imports
Iran reveals COVID-19 data for June 24
Iran discloses amount of foreign investment attracted in Markazi Province
Rising oil prices to help improve balance sheets in Gulf – Capital Economics
Kazakhstan boosts trade with Belarus despite COVID-19
Payoneer set for Nasdaq listing as SPAC approves merger
Iran's exports through Bilasuvar border checkpoint up
Economic co-op between Azerbaijan, UAE expanding - ministry (PHOTO)
Kazakhstan boosts manufacturing of passenger cars
Website of Belgian VRT TV channel shows footage of Azerbaijan's liberated Aghdam
Russia with other OSCE MG co-chairs continues to help Azerbaijan, Armenia to build mutual confidence - FM
Uzbekistan ready to assist China in construction of pharmaceutical plant in Navoi region
Lion's share of Uzbek cherry imports accounts for Kazakhstan
EU financing intellectual property project in Azerbaijan
bp completes preparations for first SWAP exploration well
Algeria, Azerbaijan discuss issues of expanding investment co-op
Azerbaijan publishes 5M2021 petroleum coke export data
Turkey reveals 4M2021 data on cargo transshipment via Trabzon port
Turkmenistan interested in attracting US investments for local high-tech development
bp reveals time of starting second maintenance program at ACG
Azerbaijan, Saudi Arabia discuss priority areas of mutual economic co-op
Azerbaijan opens new military unit of State Border Service in liberated Gubadly (PHOTO)
U.S. administers 319.9 mln doses of COVID-19 vaccines
Germany's Merkel says EU should seek direct contact with Putin
Georgia's labor market becoming popular for Turkish job seekers
Interest in COVID-19 vaccination growing in Azerbaijan - TABIB
Azerbaijani oil prices up
Azerbaijan shares footage from Garakechdi village of Lachin district (VIDEO)
Turkey second main exporter of electric cars to Uzbekistan
SOCAR-Petrofac JV inks $25M contract for Azeri-Chirag-Gunashli
Saudi Arabia's Bank AlJazira markets AT1 Islamic bonds
bp details plans for projects in Azerbaijan by late 2021
Georgia shares data on COVID-19 cases for June 24
Kazakhstan’s freight transportation operator opens tender for equipment maintenance
President Japarov to visit Tajikistan
Indian strain of coronavirus detected in Uzbekistan
PMGKAY, India’s Covid reduction programme, praised by UN wing: Official
Yusuffali elected as chief of Indian business group IBPG in Abu Dhabi
Covid-19: India likely to have vaccine for children above 2 years by September
IsDB, ISFD NGOs Empowerment for Poverty Reduction Program: Closing webinar for TADAMON Crowdfunding Academy for CSOs held in Kazakhstan
Digital connectivity between India and the EU’s ‘fertile zone’ to explore: S Jaishankar
bp says Shah Deniz, ACG platforms operated uninterruptedly during pandemic
India crosses 20 crore mark in cumulative covid-19 vaccine coverage
Pfizer In "Final Stages" Of Approval For Covid Vaccine In India: CEO
Digital connectivity between India, EU 'fairly fertile area' to be explored, says Indian EAM
"No Evidence Delta+ Will Cause Possible 3rd Wave": Top Genome Sequencer
EDB eyes opening representative office in Uzbekistan
Oil gains as draw in U.S. crude stocks reinforces outlook for robust demand
Lendbuzz to expand Israel team, after raising $360m
US ambassador to return to Moscow within days
VEON telecommunication company to launch 5G in Georgia
Vegetables and fruits in Kyrgyzstan rise in price by 16.4%
Iran boosts imports of mining products from Turkey
North-South corridor to be alternative to Suez Canal
Iranian currency rates for June 24
Natural gas prices to fall for Turkey amid diversification, new discoveries
Airlines urged to tighten Airbus A320 checks after COVID storage
Interaction between Azerbaijan and Indian logistic companies on International North South Transport Corridor held
Kazakhstan lowers import of mining products from Turkey
Amazon restores services after multiple users face outage
Uzbekistan reveals COVID-19 data for June 24
U.S. to send 3 million J&J COVID-19 vaccine doses to Brazil
6 die in Philippine military's helicopter crash
Musk says Starlink to go public once cash flow is more predictable
Amazon becomes largest corporate buyer of renewable energy in U.S.
Traditional banking going through transition period in bank-client relations - ABA
Australia to phase out AstraZeneca vaccine from October
Brazil sees record 115,228 daily COVID-19 cases
Former Philippine President Benigno Aquino dies in hospital at 61
Israel's active COVID-19 cases more than triple in 2 weeks
New York to end state of emergency for COVID-19
Trump-appointed U.S. border patrol chief to step down
Euro 2020 Round of 16 teams confirmed
Israel postpones reopening to individual tourists amid renewed COVID-19 outbreak
Switzerland to ease COVID-19 measures, facilitate entry for travelers
UN chief calls for expansion of humanitarian aid to Syrians
Merkel cautions against spread of COVID-19 Delta variant
UK reports highest daily rise of COVID cases since early February
France urges vigilance against Delta coronavirus variant
All news