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Oil transportation via BTC pipeline down

Oil&Gas Materials 5 October 2017 17:10 (UTC +04:00)

Baku, Azerbaijan, Oct. 5

By Maksim Tsurkov – Trend:

In January-September 2017, 20.33 million tons of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline compared to 22.04 million tons in the same period of 2016, Azerbaijan’s state oil company SOCAR said in a message posted on its website Oct. 5.

In September 2017, 491,930 tons of Turkmen oil was transported via the BTC pipeline, as compared to 374,160 tons in September 2016.

In total, 341.86 million tons of oil was transported via the BTC pipeline since the beginning of its operation.

In January-September 2017, more than 19.14 million tons of oil was sent from the Turkish port of Ceyhan to the world markets, as compared to 22.14 million tons in the same period of 2016.

Some 13.55 million tons of the January-September 2017 amount accounted for the State Oil Fund of Azerbaijan (SOFAZ).

Overall, 338.98 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).

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