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Baku-Tbilisi-Ceyhan lowers crude oil exports

Oil&Gas Materials 16 November 2020 11:49 (UTC +04:00)
Baku-Tbilisi-Ceyhan lowers  crude oil exports

BAKU, Azerbaijan, Nov.16

By Leman Zeynalova – Trend:

In the first three quarters of 2020, Baku-Tbilisi-Ceyhan (BTC) exported about 162 million barrels (about 21.4 million tonnes) of crude oil loaded on 214 tankers at Ceyhan, Trend reports with reference to BP Azerbaijan.

During the three quarters of 2019, BTC exported more than 177 million barrels (about 24 million tonnes) of crude oil loaded on 222 tankers at Ceyhan.

Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the third quarter of 2020, it carried a total of 3.52 billion barrels (about 469 million tonnes) of crude oil loaded on 4,595 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%); AzBTC (25.00%); MOL (replaced Chevron as of 16 April 2020 (8.90%); Equinor (8.71%); TPAO (6.53%).

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Follow the author on Twitter: @Lyaman_Zeyn

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