Oil transportation via BTC down
Baku, Azerbaijan, June 5
By Maksim Tsurkov – Trend:
More than 10.96 million tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline in January-May 2017, as compared to 12.44 million tons in the same period of 2016, Azerbaijan’s state oil company SOCAR said in a message posted on its website June 5.
In May 2017, 561,760 tons of Turkmen oil was transported via the BTC pipeline, as compared to 404,440 tons in May 2016.
In total, 332.5 million tons of oil was transported via the BTC pipeline since the beginning of its operation.
In January-May 2017, almost 10.28 million tons of oil was sent from the Turkish port of Ceyhan to the world markets, as compared to 12.65 million tons in the same period of 2016. Some 6.51 million tons of the January-May 2017 amount accounted for the State Oil Fund of Azerbaijan (SOFAZ).
Overall, 330.11 million tons of Azerbaijani oil was sent from Ceyhan to the world markets since the start of operation of the Baku-Tbilisi-Ceyhan pipeline.
Shareholders of the BTC pipeline are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), TPAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), CIECO (2.5 percent) and ONGC (2.36 percent).