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News // Oil and gas worldwide

More than 3.1 million tons of oil pumped by Azeri pipeline Baku-Tbilisi-Ceyhan (BTC) in April

13 May 2010 , 10:541news.az2240

 

 

Azerbaijan's main oil export route, the Baku-Tbilisi-Ceyhan (BTC) pipeline, pumped 3.1 million tons of Azeri light crude produced on the Azeri-Chirag-Gunsheli block in Azerbaijan's section of the Caspian Sea, 1news.az reports citing information from the Azerbaijan state oil and Gas company (SOCAR).  From January to April 2010, 11.9 million tons of Azerbaijan oil was exported through the BTC. "Since the pipeline was launched to May 1, 2010, 118.4 million tons of Azeri light crude has been pumped through the pipeline", SOCAR reported in a news release.  In 2009, 36.2 million tons of Azerbaijan crude was pumped through the BTC pipeline.


The Baku-Tbilisi-Ceyhan pumps Azeri light from the Azeri-Chirag-Gunsheli field and condensate from the Shah-Deniz condensate field in the North Caspian. the first volumes of oil from the Tengiz field in Kazakhstan entered the BTC pipeline in October 2009, but in 2010 Tengizchevroil suspended oil supplies across this route due to "dissatisfaction with the size of the crude transit tariff" according to Kazakhstan Energy and Natural Resources Minister Sauat Mynbayev. In March 2009, work was completed on the pipeline to increase throughput capacity to 1.2 million barrels per day by using chemical reagents to reduce friction.


BTC company shareholders include: BP (30.1 percent); AzBTC (25.00 percent); Chevron (8.90 percent); StatoilHydro (8.71 percent); TPAO (6.53 percent); ENI (5.00 percent); Total (5.00 percent), Itochu (3.40 percent); INPEX (2.50 percent), ConocoPhillips (2.50 percent), and Hess (2.36 percent).

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