SOCAR reveals volume of oil pumping through BTC

By Laman Ismayilova

Over 2, 489 million tons of Azerbaijani oil was transported via Baku-Tbilisi-Ceyhan-BTC main export pipeline in June 2016.

SOCAR announced that 14,930 million tons of oil was exported from Ceyhan Port in January-June.

In general, more than 307, 606 million tons of oil have been pumped to BTC since the start of pipeline exploitation until June 1, 2016. In addition, overall 371, 206 tons of Turkmen oil was pumped via BTC in June 2016.

The volume of oil exported from Ceyhan port in January-June of this year totaled 14,774,660 tons.

In general, 305,962 million tons of Azerbaijani oil has been exported from Ceyhan Port to the world market since the start of BTC exploitation.

The BTC pipeline was opened in July 2006. The 1,768km conduit transports oil produced from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) oil block in the Caspian Sea. Throughput capacity was one million barrels per day from March 2006 to March 2009. Since March 2009 it has been expanded to 1.2 million barrels per day by using drag reducing agents (DRAs).

The Azerbaijan and Georgia sections of the pipeline are operated by BP on behalf of its shareholders in BTC Co. while the Turkish section is operated by BOTAS International Limited (BIL).

The price of a barrel of Azeri Light crude oil increased $1.40 to stand at $48.64 on July 12 on the world markets.

/By Trend/