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Baku-Tbilisi-Ceyhan pipeline increases oil transportation

Oil&Gas Materials 9 February 2023 14:34 (UTC +04:00)
Baku-Tbilisi-Ceyhan pipeline increases oil transportation
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, Feb.9. In 2022, Baku-Tbilisi-Ceyhan pipeline exported around 224 million barrels (about 30 million tonnes) of crude oil loaded on 305 tankers, as compared to 200 million barrels (about 26.4 million tonnes) in 2021, Trend reports via bp.

As such, BTC’s oil transportation rose by 12 percent year-on-year.

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

“Since the 1,768 km BTC pipeline became operational in June 2006 till the end of 2022, it carried a total of 3.99 billion barrels (more than 531 million tonnes) of crude oil loaded on 5,244 tankers and sent to world markets. On 18 January 2023, BTC achieved the 4 billion barrels of oil export milestone, said bp.

BTC Co. shareholders are: bp (30.1%), SOCAR (25.00%), MOL (8.90%), Equinor (8.71%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU (3.40%), INPEX (2.50%), ExxonMobil (2.50%) and ONGCVidesh (2.36%).

Follow the author on Twitter: @Lyaman_Zeyn

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