Azernews.Az

Azerbaijani state oil company SOCAR exported 17.09 million tons of oil in January-October from the Turkish port of Ceyhan compared to 19.87 million tons of oil in January-October 2011, the company reported on Friday.

SOCAR exported 1.58 million tons of oil in October compared to over 2.2 million tons in October 2011.

The state oil company exported around 22.97 million tons of Azerbaijani oil from the Turkish port of Ceyhan in 2011 compared to 27.27 million tons in 2010.

Oil is supplied to the Ceyhan port through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.

The BТС's total length is 1.768 kilometres including a 443-kilometre section running via Azerbaijan, a 249-kilometre section traversing Georgia and a 1.076-kilometre section passing through Turkey. The pipeline's construction began in April 2003. The first oil flowed on May 18, 2005.

BTC Co. shareholders include: BP (30.1 per cent); AzBTC (25 per cent); Chevron (8.90 per cent); Statoil (8.71 per cent); ТРАО (6.53 per cent); Eni (5 per cent); Total (5 per cent); Itochu (3.40 per cent); Inpex (2.50 per cent) and ConocoPhillips (2.50 per cent). Hess (2.36 per cent) sold its share to Indian ONGC and the deal is expected to be signed in the first quarter of 2013.