Transportation of Turkmen oil via BTC significantly increases
Baku, Azerbaijan, Aug.15
By Emil Ismayilov - Trend:
In Jan-July of 2014, the Baku-Tbilisi-Ceyhan (BTC) transported 3.1 million tonnes of Turkmen oil versus 1.9 million tonnes in 2013, says the report of the State Statistics Committee of Azerbaijan in the first seven months of 2014.
Most part of the oil produced in Azerbaijan is exported via BTC.
"During this period, the transportation of Turkmen oil from Sangachal terminal via BTC increased by 1.63 times," the report says.
In 2013 the BTC transported 3.3 million tonnes of Turkmen oil compared 3.1 million tonnes in 2012.
Turkmen oil transportation via BTC is carried out within the frameworks of the "SOCAR Trading" contract with "Dragon oil", which produces oil in Turkmenistan.
Turkmen oil transportation via BTC began in July 2010.
"SOCAR Trading" buys crude oil from producers in Turkmenistan, delivers it across the Caspian Sea to Baku, where in Sangachal terminal there is an entrance flange of the Baku-Tbilisi-Ceyhan pipeline. The company BTC Co transports this oil through the BTC and hands it over to the "SOCAR Trading" at the Mediterranean port of Ceyhan.
BTC Co shareholders 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" (3,4 percent), "Inpex" (2,5 percent), "ConocoPhillips" (2,5 percent) and ONGC (2,36 percent) .
The pipeline's capacity is 1.2 million barrels of oil per day.