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McClatchy-Tribune  07/15/2014 12:01 AM ET
BRIEF: Transportation of Turkmen oil via BTC significantly increases [Trend News Agency, Baku, Azerbaijan :: ]

July 15--The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported around 2.6 million tonnes of Turkmen oil in January-June 2014, versus 1.6 million tonnes in the same period of 2013, the Azerbaijani State Statistical Committee said in its report.

BTC, which exports the major part of the oil produced in Azerbaijan, transported some 3.3 million tonnes of Turkmen oil in 2013, compared to 3.1 million tonnes in 2012.

Turkmen oil is transported via the BTC as part of the contract between SOCAR Trading and Dragon oil company, producing oil in Turkmenistan.

Transportation of Turkmen oil via the 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, in Turkey.

BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ???? (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).

BTC's pumping capacity is 1.2 million barrels of oil per day.


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