Azerbaijani oil shipments via BTC pipeline drop 10.5% in Jan-Oct
BAKU. Nov 11 (Interfax) - Shipments of Azerbaijani oil along the Baku-Tbilisi-Ceyhan (BTC) pipeline totalled 27.909 million tonnes in the first ten months of 2011, 10.5% less than in the same period of last year, a source at the State Oil Company of the Azerbaijani Republic (SOCAR) told Interfax.
The BTC pipeline carried 2.627 million tonnes of Azerbaijani oil in October alone. The pipeline had carried a total of 171.465 million tonnes of oil as of November 1, 2011 since it was launched on June 4, 2006.
BTC carried 172,210 tonnes of Turkmen oil in October.
The Ceyhan oil terminal shipped 27.572 million tonnes of Azerbaijani oil in the first ten months of 2011, including 2.816 million tonnes in October. Since the BTC pipeline was launched, shipments of Azerbaijani oil from the terminal have totalled 169.506 million tonnes.
The 1,768-km BTC pipeline, which runs 443 km through Azerbaijan, 249 km through Georgia and 1,076 km through Turkey, has capacity to carry more than 50 million tonnes of oil per year.
The shareholders in the pipeline project are BP with 30.1%, SOCAR with 25%, Chevron with 8.9%, Statoil with 8.71%, TPAO with 6.53%, Eni with 5%, Itochu with 3.4%, ConocoPhillips with 2.5%, INPEX with 2.5%, Total with 5% and Amerada Hess with 2.36%.