BAKU, Azerbaijan, December 26. Oil transportation via the strategic Baku-Tbilisi-Ceyhan (BTC) pipeline amounted to 209.37 million barrels from January through November 2023, up 1.9 percent year-on-year, Trend reports via the Turkish BOTAS company.
Citing BOTAS data, 18.6 million barrels were transferred by the BTC oil pipeline in November 2023, which is 8.6 percent less than in November 2022. This oil pipeline delivers oil from the Azeri-Chirag-Gunashli field block, condensate from the Shah Deniz field, oil and condensate from SOCAR's old (out-of-contract) fields, and oil from Kazakhstan and Turkmenistan.
Oil exports via BTC were 225.4 million barrels in 2022, 12.6 percent more than in 2021.
An increase in pumping due to additional volumes of oil from Kazakhstan cannot be ruled out in 2024; details are still being worked out.
The BTC has a capacity of more than 1.6 million barrels of oil per day, which may be raised to 2.2-2.5 million barrels per day if necessary.
The shareholders of BTC Co, which was established on August 1, 2002, to implement the project, are as follows: bp (30.1 percent), SOCAR (25 percent), MOL (8.9 percent), Equinor (8.71 percent, the procedure for selling SOCAR's share has begun), TPAO (6.53 percent), Eni (five percent), TotalEnergies (five percent), Itochu (3.4 percent), Inpex (2.5 percent), ExxonMobil (2.5 percent) and ONGCVidesh (2.36 percent).
