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Over 300,000 barrels of oil to be daily transported via BTC from mid-2006

Oil&Gas Materials 31 March 2006 17:26 (UTC +04:00)

300,000 barrels of oil will be transported a day (over 15m tons a year) via the Baku-Tbilisi-Ceyhan (BTC) pipeline from mid-2006, Trend reports referring to the report by BP over 2005.

The document says that oil export via BTC will exceed 1m barrels a day or over 50m tons a year by 2009.

Opening of this direction will allow BP to double oil extraction and this growth will comprise 20% by 2010, the report says.

At present fulfillment of the pipeline with technical oil continues. The complete fulfillment of the pipeline requires 10m barrels of Azeri Light, delivered from the Azeri-Chirag-Guneshli field.

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