SOCAR talks on plans to pump oil via BTC until late 2017
Baku, Azerbaijan, Sept. 19
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR has no plans to pump its own oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline by the end of 2017, a source in the company told Trend Sept. 19.
“This year, SOCAR plans to transport the oil (slightly over 1.4 million tons) produced on the company’s own, only via the Baku-Novorossiysk pipeline,” the source said. “SOCAR’s oil is redirected to the BTC in case if any emergency situation occurs in the northern export route, and there were no such problems this year. SOCAR will continue to export oil through the Russian port of Novorossiysk until the end of the year, if nothing changes. There are no plans for now to redirect oil to the BTC in 2017.”
SOCAR exports the oil produced at its own fields, as well as the oil from joint ventures and operation companies working at Azerbaijan’s onshore fields, through Russia’s Novorossiysk port.
Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.
The BTC pipeline transships oil from the Azeri-Chirag-Guneshli block of Azerbaijani oil and gas fields, as well as oil of producers from Kazakhstan and Turkmenistan.
The total length of the BТС is 1,768 kilometers, including a 443-kilometer section running through Azerbaijan, a 249-kilometer section in Georgia and a 1,076-kilometer section in Turkey.
Construction of the pipeline started in 2003. It was filled with oil in 2005.
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), CIECO (2.5 percent) and ONGC (2.36 percent).
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