(MENAFN- AzerNews) SOCAR (the State Oil Company of the Azerbaijani Republic) has
announced the start of the transit of Kazakh oil through the
Baku-Tbilisi-Ceyhan (BTC) pipeline.
The first shipment of Kazakh oil from the Tengiz field reached
the Sangachal Terminal in Azerbaijan from the port of Aktau via the
President Heydar Aliyev tanker on March 23.
The transportation of Kazakh oil through BTC is being carried
out under a Master Agreement between SOCAR and KazMunayGas, which
aims to transit 1.5m tons of oil annually.
There are plans to conduct 12-14 tanker voyages per month across
the Caspian Sea until the end of 2023. The second loading of Kazakh
oil from the port of Aktau will be done via the Shusha tanker on
March 27.
In 2022, SOCAR implemented significant projects to upgrade the
gathering pipeline network at the Sangachal Terminal to receive
Kazakh oil into the BTC pipeline, increasing its capacity
utilization.
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