BAKU, Azerbaijan, April 15. Kazakhstan and Turkmenistan carried 1.4 million tons of oil through the Baku-Tbilisi-Ceyhan (BTC) pipeline from January to March 2024, compared to 1.02 million tons in the same period in 2023, Trend reports.
"The share of transit oil from Kazakhstan and Turkmenistan transported via BTC from January through March 2024 amounted to 19.3 percent of the total volume of oil pumping via BTC for the first quarter of this year," the statement of the State Statistics Committee of Azerbaijan (SSC) noted.
The growth was mainly achieved due to Kazakhstan's oil transit.
Meanwhile, Kazakhstan has been transferring about 120,000 tons of its oil per month to the BTC pipeline since March 2023. Kazakhstan plans to transport 180,000 tons of oil through this pipeline every month in 2024 to reach the annual figure of 1.7 million tons.
Transit oil from Kazakhstan and Turkmenistan to BTC as a whole accounted for 17.4 percent of total oil pumped through this strategic pipeline in Azerbaijan in 2023. In absolute terms, this amounted to 5.24 million tons (an increase of 2.7 percent by 2022).
However, the BTC currently carries oil from the Azeri-Chirag-Guneshli block of fields and condensate from the Shah Deniz field, SOCAR's oil from its oil and gas production departments and joint ventures, as well as oil from Kazakhstan and Turkmenistan.
To note, the throughput capacity of the pipeline exceeds 50 million tons per year. BTC has been in operation since 2006 and supplies oil to the Mediterranean market.
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