Bank Of Baku

214 mln barrels of oil transported via Baku-Ceyhan Pipeline, this year

214 mln barrels of oil transported via Baku-Ceyhan Pipeline, this year
# 30 November 2010 11:22 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. During the first three quarters BTC spent $20.1 million in capital expenditures.

BTC’s throughput capacity is currently 1.2 million b/d.

Since June 4, 2006 up to the end of November 2010, 1354 tankers were loaded at Ceyhan with a total of over 1,063 million barrels (142.4 million tonnes) of crude oil transported via BTC and sent to world markets.

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

The total volume of oil exported via BTC during the first three quarters of 2010 was about 213,5 million barrels ( over 28,6 million tonnes).

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.

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%).
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