BAKU, Azerbaijan, November 18. Oil transportation through the Baku-Tbilisi-Ceyhan (BTC) pipeline has experienced an increase, Trend reports.
The data from Azerbaijan’s State Statistics Committee reveals that the volume of oil transported via the BTC pipeline from January through October 2023 reached 25.2 million tons, compared to 24.4 million tons during the same period last year.
This represents a notable year-on-year increase of more than 3 percent in oil transportation via the BTC pipeline. Impressively, Baku-Tbilisi-Ceyhan accounted for 76 percent of the total 33.1 million tons of oil transported through Azerbaijan's primary oil pipelines in the reporting period of 2023.
Of the total volume supplied through the BTC pipeline, 20.9 million tons, or 83 percent, consisted of Azerbaijani oil, while the remaining 17 percent (4.3 million tons) originated from Turkmenistan and Kazakhstan. In comparison, transit oil transported via the BTC in the first ten months of 2022 amounted to 4.1 million tons.
Presently, the BTC pipeline primarily transports crude oil from ACG and condensate from Shah Deniz. Additionally, volumes of oil and condensate from Kazakhstan and Turkmenistan continue to be transported through the BTC.
The shareholders of BTC Co. include 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 ONGC Videsh (2.36%).
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