Materials

Oil transportation via BTC increases by a million tonnes

BTC-BP

Around 17.6 million tonnes of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in Jan.-June 2014, versus 16.6 million tonnes in the same period of 2013, Azerbaijani State Statistical Committee said in its report.

“BTC accounted for 75 percent of the total volume of oil transported via the country’s main oil pipelines in Jan.-June,” the report said.

BTC transported some 33 million tonnes of oil in 2013, versus 32.9 million tonnes in 2012.

The country’s main oil pipelines transported a total of 23.3 million tonnes of oil during the reporting period, which is 7.3 percent more than in Jan.-June 2013, the Statistical Committee said.

The total length of the BТС is 1,768 kilometers including a 443 kilometer long section running through Azerbaijan, a 249 kilometer long section in Georgia and a 1,076 kilometer long section in Turkey. The construction of the pipeline started in April 2003. It was filled with oil on May 18, 2005.

BTC Co. shareholders are: BP (30.1 percent), SOCAR (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (five percent), Total (five percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).