BTC Discharge Capacity Reaches Project Capacity of 1mln Barrels a Day

Oil&Gas Materials 6 April 2007 13:22 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / After final commissioning of pump stations at the Baku-Tbilisi-Ceyhan (BTC) main export oil pipelines and the transition of all pumps in Azerbaijan and Georgia from diesel regime to gas turbines, BTC will be able to export one million barrels of oil a day in accordance with its project capacity.

BP, which operates BTC, reported that 100mln barrels of crude oil were shipped at the Ceyhan terminal in Turkey. Export was carried out ahead of schedule and by the end of 2008 a goal of exporting 1mln oil a day was achieved.

The Siprintz tanker carried 100mln barrels of oil on board. This tanker, the 130th to receive oil in Ceyhan, has travelled to Italy.

"This once again testifies that BTC is confidently moving towards its goal of exporting one million barrels of oil a day from the Caspian to world markets. Taking into consideration the shipment of 750,000 barrels of oil in March, we successfully move towards the fulfillment of the task," Rashid Javanshir, the BTC Co- Executive Director and BP Vice-President of Onshore Operations, stated.

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.

BTC 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%).