Oil transportation via BTC down
Baku, Azerbaijan, Sept. 8
By Maksim Tsurkov – Trend:
More than 18.06 million tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline in January-August 2017, as compared to 19.99 million tons in the same period of 2016, Azerbaijan’s state oil company SOCAR said in a message posted on its website.
In August 2017, 549,430 tons of Turkmen oil was transported via the BTC pipeline, as compared to 346,020 tons in August 2016.
In total, 339.6 million tons of oil was transported via the BTC pipeline since the beginning of its operation.
In January-August 2017, more than 17.24 million tons of oil was sent from the Turkish port of Ceyhan to the world markets, as compared to 20.1 million tons in the same period of 2016. Some 11.35 million tons of the January-August 2017 amount accounted for the State Oil Fund of Azerbaijan (SOFAZ).
Overall, 337.07 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).