Azerbaijani oil transportation via BTC increases in Jan.-June

Oil&Gas Materials 13 July 2016 11:35 (UTC +04:00)

Baku, Azerbaijan, July 13

By Maksim Tsurkov – Trend:

The volume of oil transportation via the Baku-Tbilisi-Ceyhan (BTC) pipeline stood at 14.93 million tons in January-June 2016 versus 14.54 million tons in the same period of 2015, said the message posted on the website of Azerbaijan’s state oil company SOCAR July 13.

BTC mainly transports Azeri Light oil produced at the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea.

Aside from the Azerbaijani oil, the pipeline transports oil from Kazakhstan and Turkmenistan.

However, Kazakhstan suspended transit pumping of its oil via BTC since February.
BTC transported 2.33 million tons of Kazakh and Turkmen oil in January-June 2016.
A total of 307.61 million tons of oil have been transported via the BTC since the start of its operation.

Meanwhile, 14.77 million tons of oil were sent to the world markets from Turkey’s Ceyhan port in January-June 2016, compared to 14.51 million tons in the same period of 2015.

In total, 305.97 million tons of Azerbaijani oil were sent from the Ceyhan port to the world markets via the Baku-Tbilisi-Ceyhan pipeline since the start of its operation.

BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).


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