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BP Azerbaijan: The total volume of oil exported via BTC during the first half of 2010 was around 18 million tonnes

10 August 2010 11:36 (UTC +04:00)

Baku. Rashad Suleymanov â€“ APA-Economics. The total volume of oil exported via BTC during the first half of 2010 was about 136 million barrels (around 18 million tonnes), BP Azerbaijan told APA-Economics.

On July 21, 2010 BTC achieved its highest daily throughput (to date) of 1.057million barrels per day.

Since June 4, 2006 up to the end of June 2010, 1195 tankers were loaded at Ceyhan with a total of about 938 million barrels (about 125.6 million tonnes) of crude oil transported via BTC and sent to world markets.

During the first half BTC spent $13.4 million in capital expenditures and the full year plan is $69 million.

The BTC pipeline currently carries mainly ACG oil and Shah Deniz condensate from Azerbaijan. Following the signature of a new transportation agreement in July 2010, crude oil from Turkmenistan has and continues to be transported. BTC also has ongoing agreements to carry oil from the Tengiz field in Kazakhstan.

BTCâ€™s throughput capacity is currently 1.2 million b/d.

The BTC Co. shareholders are: BP (30.1%); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).