Bloomberg News

BP’s Sangachal Terminal Exports Less Azeri Oil in First Quarter

May 21, 2012

BP Plc (BP/)’s Sangachal terminal, south of the Azeri capital of Baku, exported less crude oil in the first quarter than a year earlier because of lower production from the Azeri-Chirag-Guneshli field.

The terminal pumped about 76.6 million barrels of oil, down from 78 million barrels in the same period of 2011, BP said today in an e-mail.

Of the total, 66.7 million barrels were exported via the Baku-Tbilisi-Ceyhan pipeline and 8.1 million barrels through the Western Route Export Pipeline, also known as the Baku-Supsa link. Both pipelines are operated by BP. The remaining 1.55 million barrels were transported by rail, BP said.

The Sangachal terminal also exported about 22 million cubic meters of natural gas through the South Caucasus Pipeline, or SCP, in the first quarter. That compared with 16.2 million cubic meters a year earlier, BP said. The fuel was produced from the offshore Shah Deniz field in the Caspian Sea.

Azerbaijan exports gas to Georgia and Turkey via the SCP and to Russia across the Mozdok-Gazimagomed pipeline. The Caspian Sea nation produced 45.6 million metric tons of oil and 25.8 billion cubic meters of gas last year.

Production from the ACG field fell to 8.8 million tons from 9.6 million tons a year earlier.

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


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