SOCAR reveals volume of oil transportation for 2019

Oil&Gas Materials 23 January 2020 18:38 (UTC +04:00)

BAKU, Azerbaijan, Jan. 23

By Anastasia Savchenko - Trend:

Azerbaijan’s State Oil Company SOCAR transported 824,400 tons of oil through the Baku-Novorossiysk pipeline, Trend reports referring to the report of country’s Ministry of Energy.

Some 1.3 million tons of oil was transported through this pipeline from January through December 2019, which is 36.5 percent more compared to the same period of 2019.

SOCAR transported 604,100 tons of oil through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in 2019, which is 485,100 tons more compared to 2018 (119,000).

Baku-Novorossiysk is a pipeline for transporting Caspian oil to the Russian port of Novorossiysk on the Black Sea. The total length of the pipeline is 1,330 kilometers, 231 kilometers of which pass through the territory of Azerbaijan.

From June 2, 2006 through December 2019, SOCAR shipped 3.36 billion barrels of oil from the Ceyhan oil terminal.

The total length of the BTC pipeline is 1,768 kilometers, 443 kilometers of which lie in Azerbaijan, 249 kilometers lie in Georgia, and 1,076 kilometers lie in Turkey. The construction of the pipeline began on April 2003, and its filling with oil on May 18, 2005.

The shareholders of BTC, which was established on August 1, 2002 to implement the project, 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 (2.50 percent) and ONGC (2.36 percent).


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