Baku, Azerbaijan, Oct. 13
By Maksim Tsurkov – Trend:
Three or four million tons of Turkmen oil will be transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline in 2018, Adnan Ahmadzade, head of SOCAR’s Marketing and Economic Operations Department, told reporters in Baku.
According to him, the volume of pumping Turkmen oil via the BTC oil pipeline will stand at three to four million tons in 2017.
“A contract was concluded for two years (2017-2018) with the Turkmen side, and therefore, it is planned to transport from three to four million tons of oil via the BTC next year, depending on the volume of oil production. It can be noted that almost 100 percent of Turkmen oil exports for 2018 are accounted for deliveries via Baku-Tbilisi-Ceyhan,” said Ahmadzade.
He noted that the transit of Kazakh oil via the BTC has not been carried out this year and is not planned to be carried out in 2018.
“Nevertheless, SOCAR conducts negotiations with the Kazakh side on oil deliveries via the BTC, if some of the local companies wish to export oil in this direction,” added Ahmadzade.
The total length of the BТС is 1,768 kilometers, including a 443-kilometer section running through Azerbaijan, a 249-kilometer section in Georgia and a 1,076-kilometer section in Turkey.
Construction of the pipeline started in 2003. It was filled with oil in 2005.
BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent), Inpex (2.5 percent), CIECO (2.5 percent) and ONGC (2.36 percent).
