100th Oil Batch of Azerbaijan Sent from Ceyhan Terminal in Turkey

Oil&Gas Materials 6 February 2007 16:38 (UTC +04:00)

BTC, operated by BP, today celebrated the 100th cargo lifting at the Ceyhan Terminal in Turkey, Trend reports with reference to BP Azerbaijan. The 100th tanker - the Knock Sheen took on board in excess of one million barrels of oil which took 26 hours to load. Over the past few days BTC has achieved several other important milestones: it exported over 600,000 barrels yesterday, Monday, February the 5th - the highest daily flow-rate to date; and recently the Ceyhan terminal saw the berthing of the first 2 million barrel tanker. This type of vessel is expected to become a more regular feature as the throughput of the BTC system grows.

These exceptional milestones achieved by the pipeline team over the past few days are proof that BTC is steadily moving towards what it is meant to be вЂ" a one-million barrel a day export pipeline from the Caspian to world markets. With the 600,000 barrel per day rate achieved yesterday we are making confident progress towards that goal. I would like to extend my congratulations and thanks to everyone whose efforts have been key to making these successes happen, said Rashid Javanshir, Director of BTC and BP ViceвЂ"President, Onshore Operations.

BTC steadily increased as its facilities and pump stations have been brought on stream since the completion of linefill in late May last year. Since the first tanker lifting at Ceyhan in June 2006, 73 million barrels (9.8 million tons) of crude oil has been exported via BTC. Current export via the pipeline is running ahead of expectations and it remains on target to achieve one million barrels per day (approximately 50 million tones per year) in late 2008.

While the pipeline initially carried only Azeri-Chirag-Gunashli (ACG) oil, the first delivery of Shah Deniz condensate into the line was made in January this year. It is expected that future volumes will include those from across the Caspian, possibly commencing by the end 2007.

The BTC Co. shareholders are: BP (30.1%, operator); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).