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Azerbaijani oil transportation via BTC increases

Oil&Gas Materials 7 October 2016 17:35 (UTC +04:00)

Baku, Azerbaijan, Oct. 7

By Maksim Tsurkov – Trend:

More than 22.04 million tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in January-September 2016, as compared to 21.6 million tons in the first nine months of 2015, said Azerbaijan’s state oil company SOCAR in a message Oct. 7.

The BTC pipeline transported 2.05 million tons of Azerbaijani oil and 374,160 tons of Turkmen oil in September 2016.

In total, more than 314.92 million tons of oil has been delivered to the world markets from Turkey’s Ceyhan port since the start of operation of the BTC pipeline.

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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Follow the author on Twitter: @MaksimTsurkov

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