Last $124.80 USD
Change Today +0.66 / 0.53%
Volume 10.1M
CVX On Other Exchanges
Symbol
Exchange
New York
EN Amsterdam
Mexico
Sao Paulo
Frankfurt
Bogota
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
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.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CVX:US $124.80 USD +0.66

Industry News

CHANGE TO THE BOARD OF DIRECTORS

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHEVRON CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.