Bloomberg News

BP’s BTC Pipeline Carried 18% Less Azeri Crude Oil Last Month

May 10, 2012

The BP Plc-led Baku-Tbilisi-Ceyhan pipeline carried 2.3 million metric tons of crude oil last month, a decline of 18 percent from the same period a year earlier, according to State Oil Co. (ATPG:US) of Azerbaijan.

It delivered 10.24 million tons from the offshore Azeri- Chirag-Guneshli field, also led by BP, to Turkey’s Mediterranean port of Ceyhan via Georgia in the first four months, compared with 11.4 million tons a year earlier, the company, known as Socar, said on its website today without giving a reason.

As of May 1, the 1,768-kilometer (1,099 mile) pipeline known as BTC carried a total of 186.2 million tons of oil since it began operating in 2005, said Socar, a project partner.

Azerbaijan, the third-largest oil producer in the former Soviet Union after Russia and Kazakhstan, curbed oil exports by 7.3 percent in the first quarter to 6.4 million tons, the State Statistics Committee said on April 23. Natural-gas exports increased 2.7 percent to 1.34 billion cubic meters.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus