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Baku-Tbilisi-Ceyhan: How oil export volumes changed in recent years

Oil&Gas Materials 18 May 2020 18:22 (UTC +04:00)
Baku-Tbilisi-Ceyhan: How oil export volumes changed in recent years

BAKU, Azerbaijan, May 18

By Leman Zeynalova – Trend:

BP data shows that Baku-Tbilisi-Ceyhan (BTC) oil pipeline has decreased crude oil exports by 14 million barrels during the period from 2013 to 2019, Trend reports.

In 2013, BTC exported about 247.2 million barrels (33 million tonnes) of crude oil loaded on 329 tankers at Ceyhan.

In 2014, the volume of exports rose to 262 million barrels (34.8 million tonnes) of crude oil loaded on 362 tankers at Ceyhan.

The peak volume of BTC crude exports during the reporting period was recorded in 2015, when it stood at

262.8 million barrels (35 million tonnes) of crude oil loaded on 361 tankers at Ceyhan.

In 2016, BTC reduced exports to 251 million barrels (about 33.5 million tonnes) of crude oil loaded on 313 tankers at Ceyhan.

The pipeline’s exports rose again to around 256 million barrels (about 34 million tonnes) of crude oil loaded on 333 tankers at Ceyhan in 2017.

During 2018, BTC exported about 255 million barrels (around 34 million tonnes) of crude oil loaded on 327 tankers at Ceyhan.

In 2019, BTC exported around 233 million barrels (about 31 million tonnes) of crude oil loaded on 296 tankers at Ceyhan.

Since the 1,768 km BTC pipeline became operational in June 2006 till the end of 2019, it carried a total of more than 3.35 billion barrels (more than 447 million tonnes) of crude oil loaded on 4,381 tankers and sent to world markets.

The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan, Russia and Kazakhstan.

The BTC Co. shareholders are: BP (30.1 percent); AzBTC (25.00 percent); Chevron (8.90 percent); Equinor (8.71 percent); TPAO (6.53 percent); Eni (5.00 percent); Total (5.00 percent), ITOCHU (3.40 percent); INPEX (2.50 percent), ExxonMobil (2.50 percent) and ONGC (BTC) Limited (2.36 percent).

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Follow the author on Twitter: @Lyaman_Zeyn

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