Some countries spent $100 million to prevent the implementation of the Baku-Tbilisi-Ceyhan oil pipeline project, Azerbaijani Vice-Speaker Valeh Alasgarov said.

The Baku-Tbilisi-Ceyhan pipeline is the key way for supplying oil from the Caspian region to the external markets, Gleb Gorodyankin, Thomson Reuters analyst, said, Trend reports on April 22.

Azerbaijan has suspended oil pumping through Baku-Novorossiysk, Ibrahim Ahmadov, Deputy Head of the Public Relations Department at Azerbaijan’s SOCAR state company, told Trend.

Norway’s Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29 percent from 2017, Trend reports citing the company.

The milestone was achieved on 14 July when the 3 billionth barrel of Caspian crude flowed through the Baku-Tbilisi-Ceyhan (BTC) pipeline, was loaded on the 3,929th tanker and headed for world markets, said a message from BP.

Azerbaijan produced 588,000 barrels of oil per day (b/d) from Azeri-Chirag-Gunashli block, BP report on 2017 year-end results reads.

Azerbaijani oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline fell by 33 percent to 1.6 million tons in January 2018 compared to 2.4 million tons in January 2017, Reuters reported quoting a source in Azerbaijan’s state oil company SOCAR.

Presence of different gas and oil supply routes allows Azerbaijan to expand fuel sales volumes in various directions and reduce dependence on one direction, to ensure the country’s energy security.

Kazakhstan has resumed the transportation of oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan’s Energy Ministry told Trend.

BP, jointly with its partners, has so far invested more than $70 billion in Azerbaijan's oil & gas projects and other related areas, said the British company.