BTC trans­ports 374 mln tons of oil

Azer News - - Miscellaneous - By Le­man Mam­madova

AThe Baku-Tbil­isi-Cey­han oil pipe­line has been es­tab­lished to en­sure ac­cess to crude oil pro­duced in the Azer­bai­jani sec­tor of the Caspian Sea un­der the "Con­tract of the Cen­tury".

As of Novem­ber 2018, 2.2 mil­lion tons of Azer­bai­jani oil were trans­ported via BTC.

The length of the pipe­line is 1,768 km, 443 km runs through Azer­bai­jan, 249 km - through Ge­or­gia and 1,076 km - through Tur­key. Daily trans­port ca­pac­ity of the pipe­line is 1.2 mil­lion bar­rels.

The crude oil de­liv­ery to the first tanker at the Cey­han ter­mi­nal took place in the sum­mer of 2006.

The first de­liv­ery of ap­prox­i­mately 600,000 bar­rels of Az­er­iChi­rag-Guneshli (ACG) crude oil, trans­ported through Azer­bai­jan, Ge­or­gia and Tur­key, was loaded on the Bri­tish Hawthorn tanker on June 4, 2006 and dis­patched from the new Cey­han Off­shore Ter­mi­nal. Be­ing a strate­gic project, it is the first di­rect link be­tween the Caspian Sea and the Mediter­ranean.

Dur­ing the three quar­ters of 2018, more than 25 mil­lion tons (about 189 mil­lion bar­rels) were ex­ported through the BTC.

Dur­ing the first half of 2018, BTC's op­er­at­ing costs to­taled about $ 61 mil­lion, and sub­stan­tial costs made about $ 13 mil­lion.

BTC Co. share­hold­ers are BP (30.10 per­cent); AzBTC (25.00 per­cent); Chevron (8.90 per­cent); Equinor (8.71 per­cent); TPAO (6.53 per­cent); Width (5.00per­cent); To­tal (5.00 per­cent), ITOCHU (3.40 per­cent); (2.50 per­cent), Exon Mo­bile (2.50 per­cent), ONGC (BTC) Limited (2.36 per­cent),

This pipe­line, which is con­sid­ered to be the main artery of en­ergy ex­port in the re­gion, has played an im­por­tant role in the ex­trac­tion of the Caspian Sea's rich en­ergy re­sources and bring­ing them to the world mar­kets.

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