28.Jan .2022 16:30

How Much Oil Did Baku-Tbilisi-Ceyhan Pipeline Export Last Year?

How Much Oil Did Baku-Tbilisi-Ceyhan Pipeline Export Last Year?
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The Baku-Tbilisi-Ceyhan pipeline is one of the most important strategic facilities for Georgia. The Georgian Oil and Gas Corporation, together with an international consortium, is responsible for managing the 1768-km Georgian section of the pipeline. GOGC publishes monthly statistics on the transportation of oil by Baku-Tbilisi-Ceyhan Pipeline.

According to the corporation, the volume of oil transported through the Baku-Tbilisi-Ceyhan pipeline amounted to 9.1 million t in 2021, which was 5% less compared to 2020. This volume was the record low for last 10 years.

The volume of oil carried by the Baku-Supsa pipeline amounted to 4.4 million tons during the same period, which amounted to 4% more than in 2020. The market value of crude oil in both pipelines totals to USD 18.9 billion.

The volume of transported oil was down by 11.5% in 2020, so the load of the pipeline totaled 27.6 million.

The Baku-Tbilisi-Ceyhan pipeline was opened in 2006. Its load was highest in 2010 and stood at 38.4 million t.