BTC pipeline increases Turkmen oil transportation
The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported 2.9 million tons of Turkmen oil in January-November compared to 1.9 million tons in the same period of 2011, Azerbaijani State Statistics Committee told Trend news agency on Friday.
"During the reporting period BTC transported 2.9 million tons of transit Turkmen oil from Sangachal terminal, delivered to the country by tankers," the committee said.
BTC transported 2.1 million tons of Turkmen oil in 2011 compared to 1.3 million tons in 2010.
The oil is transported under contracts signed between SOCAR Trading and Dragon Oil producing oil in Turkmenistan.
Oil transportation via BTC began in July, 2010.
SOCAR Trading buys and transports oil from producers in Turkmenistan across the Caspian Sea to the BTC entrance flange at the Sangachal Terminal in Baku. The BTC Co. then transports the oil via BTC to SOCAR Trading at the Mediterranean port of Ceyhan, Turkey.
BTC Co. shareholders are: BP (30.1 percent); AzBTC (25 percent); Chevron (8.90 percent); Statoil (8.71 percent); ТРАО (6.53 percent); Eni (5 percent); Total (5 percent); Itochu (3.40 percent); Inpex (2.50 percent); ConocoPhillips (2.50 percent); and Amerada Hess (2.36 percent).
The BTC's pumping capacity is 1.2 million barrels of oil per day.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!