15.Apr .2022 20:00

Volume of transit oil via Baku-Tbilisi-Ceyhan 40% Up

Volume of transit oil via Baku-Tbilisi-Ceyhan 40% Up
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In January-March this year, 8,642,500 tons of oil was transported via Azerbaijan's main oil pipelines, Report informs, citing the State Statistics Committee that this is 3.4% less than in the same period last year.

Within three months, 77.2% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline.

During the reporting months, 6,675,000 tons of oil were transported through the BTC. This is 2.9% less than in the first three months of 2021.

During the period, 1,201,700 tons of transit oil were transported via the BTC pipeline, which is 40% more than in the first three months of 2021.

The BTC pipeline currently carries mainly oil from Azerbaijan from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah Deniz field. In addition, other volumes of crude oil and condensate, including oil from Turkmenistan, Russia, and Kazakhstan, are transported through the BTC.

Shareholders of BTC Co: BP (30.1%); AzBTC (25%); MOL (8.9%); Equinor (8.71%); TPAO (6.53%); Eni (5%); Total (5%), ITOCU (3.4%); INPEKS (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).