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BTC to Export over 50mln Barrels of Oil by Late 2006

Oil&Gas Materials 28 October 2006 11:07 (UTC +04:00)

Р'Р  Azerbaijan announced that current export from CA, WA and Chirag is running ahead of expectations and we remain on target to achieve 1 million barrels per day (approximately 50 million tones per year) in late 2008, Trend reports.

All our production has continued to flow via the 24 and 30 sub sea pipelines to the onshore Sangachal Terminal. With the start up of ACG Phase 2 facilities, several months ahead of schedule, the Terminal's total oil processing capacity has reached 800,000 barrels per day.

Since last June when the first tanker was loaded and sailed away from the Ceyhan Marine Terminal, about 27 million barrels (approximately 3.7 million tonnes or 38 tanker loads) of ACG oil transported via BTC has been lifted from the Ceyhan Terminal. By the end of this year we expect to have exported more than 50 million barrels.

This has continued to operate normally since start up, and by the end of September we had transported about 334 million barrels (45 million tonnes or 373 tanker loads) of oil via the Western Route Export Pipeline (WREP) for AIOC partners and the State of Azerbaijan (316 tanker loads - about 37.5 million tonnes for AIOC and 57 tanker loads - 7.5 million tonnes of Azerbaijan's profit oil) from Supsa.

Since the beginning of transportation activities in 1997 to the end of September 2006 over 172 million barrels (258 tanker loads or approximately 23.6 million tones) of oil (including SOCAR non-ACG oil) had been transported via the Northern Route Export system. Currently ACG partners are transporting 20,000 barrels of oil per day via the Northern Route Export Pipeline (NREP).

The Azerbaijan and Georgian railway systems: We are currently transporting an average of 60,000 barrels of oil per day via the railway systems of Azerbaijan and Georgia. Since the beginning of railway transportation ACG shippers have carried over 38 million barrels (over 5 million tones) of oil by rail, which allowed us to load 64 tankers from Batumi by the end of September.

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