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BTC transports 201 mln barrels of oil this year

24 November 2011 13:17 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. The total volume of oil exported via BTC during the first nine months of the year was about 201 million barrels (about 27 million tonnes). The total volume of oil exported via BTC during this year (end of October 2011) was about 222 million barrels (about 29.7 million tonnes).

Since June 4, 2006 up to end of the third quarter, 1,660 tankers were loaded at Ceyhan with a total of about 1287 million barrels (172 million tonnes) of crude oil transported via BTC and sent to world markets. Up to end of October, 2011 these numbers were 1689 tankers with a total of about 1308 million barrels (175 million tonnes) of crude oil.

To date BTCâ€™s highest daily throughput has been 1.044 million barrels per day.

During the nine months of 2011, BTC spent $17.5 million in capital expenditures. The 2011 plan for BTC capital expenditures is $65.9 million. BTCâ€™s throughput capacity is currently 1.2 million b/d.

The BTC pipeline currently carries mainly ACG oil and Shah Deniz condensate from Azerbaijan. In addition, crude oil from Turkmenistan has and continues to be transported.

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%).