Volume of transit oil via BTC increases by 22%

In January-April this year, 11,611,100 tons of oil were transported via Azerbaijan's main oil pipelines, Report informs, citing the State Statistics Committee that this is 2.5% less than in the same period last year.

Within four months, 79% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline.

During the reporting month, 9,173,300 tons of oil were transported through the BTC. This is 1.2% more than in the first four months of 2021.

During the period, 1,575,100 tons of transit oil were transported via the BTC pipeline, 22.2% more than in the first four months of 2021.

The BTC pipeline currently carries mainly oil from Azerbaijan from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah Deniz field. In addition, other volumes of crude oil and condensate, including oil from Turkmenistan, Russia, and Kazakhstan, are transported through the BTC.

Shareholders of BTC Co: BP (30.1%); AzBTC (25%); MOL (8.9%); Equinor (8.71%); TPAO (6.53%); Eni (5%); Total (5%), ITOCU (3.4%); INPEKS (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).