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BTC to transport 4 bln tons of Kazakh oil

2 December 2013 14:53 (UTC+04:00)
BTC to transport 4 bln tons of Kazakh oil

By Aynur Jafarova

Roughly four million tons of Kazakh oil will be transported through Azerbaijan in 2014.

Head of the Investment Department of the Azerbaijani Energy Ministry Ramiz Rzayev said in his article published on December 2.

To date, over 230 million tons of oil has been transported via the Baku-Tbilisi-Ceyhan export pipeline while around 225 million tons of Azerbaijani oil was sent to world markets through the Ceyhan port.

The pipeline also played an important role in transporting oil from other Caspian Sea countries.

To date, about 8.6 million tons of Turkmen oil has been transported through the pipeline, Rzayev said.

Rzayev said Kazakh and Russian companies show increasing interest in this pipeline and decision on transportation of around four million tons of Kazakh oil through Azerbaijan this year is evidence to this.

Earlier the Tengizchevroil Consortium, which engaged in developing Kazakhstan's Tengiz and Korolev oil fields, signed an agreement to resume oil transportation through the BTC pipeline which came to a stop in 2008.

The BТС pipeline with a total length of 1,768 kilometers carries crude oil from the Azeri-Chirag-Gunashli oil fields in the Caspian Sea to the Turkish Mediterranean coast.

British BP said in its recent report that during the first nine months of 2013, BTC exported about 186 million barrels (about 24.7 million tons) of crude oil.

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