(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 1. The
Baku-Tbilisi-Ceyhan (BTC) pipeline will continue to be used for
other Caspian regional third-party oil, bp Azerbaijan told trend Dec.1, commenting
on the halt of LUKOIL transportation via the pipeline.
“BTC will continue to be used for ACG oil, SD condensate and
agreed volumes of other Caspian regional third-party oil,” said the
company.
LUKOIL will suspend its oil exports from its Caspian fields
through the Baku-Tbilisi-Ceyhan (BTC) pipeline starting from
December, due to Western sanctions imposed on Russia, and, thus,
will redirect them to the Caspian Pipeline Consortium (CPC)
pipeline system, Reuters reported citing sources.
The shareholders of BTC Co, which was established on August 1,
2002 to implement the project, are: bp (30.1 percent), AzBTC (25
percent), MOL (8.9 percent), Equinor (8.71 percent), TRAO (6.53
percent), Eni (5 percent), Total (5 percent), Itochu (3.4 percent),
Inpex (2.5 percent), ExxonMobil (2.5 percent) and ONGC (2.36
percent).
According to the State Statistical Committee, the transportation
of transit oil via the BTC from January through October 2022
amounted to 4,131 million tons, compared to 2,815 million tons over
the same period of 2021 - an increase of 46.7 percent
year-on-year.
During the reporting period, 24.428 million tons of oil were
transported through the BTC, which is 78.8 percent of all oil
(31.003 million tons) pumped through the main oil pipelines of
Azerbaijan. At the same time, 21.777 million tons, or 74.9 percent
of all oil transported (almost 29,090 million tons) were supplied
through the BTC from January through October 2021.
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