Bloomberg News

BP’s BTC Pipe Ships Less Azeri Crude in First 11 Months of Year

December 07, 2012

The BP Plc-led Baku-Tbilisi-Ceyhan oil pipeline shipped less Azeri crude in the first 11 months of the year, according to State Oil Co. of Azerbaijan, a partner in the venture.

The so-called BTC link, which connects Azerbaijan’s Caspian Sea coast with Turkey’s Mediterranean port of Ceyhan via Georgia, delivered 27.3 million metric tons in the period, a decline of 9.1 percent from a year earlier, the Baku-based company said today on its website. BTC exported 2.2 million tons in November, up from 2.1 million tons a year earlier.

BP is also a partner in Azerbaijan’s Azeri-Chirag-Guneshli oilfield, which accounted for 78 percent of the nation’s output last year. A 12 percent decline in ACG’s production in the first half of 2012 prompted criticism of BP from Azeri President Ilham Aliyev, who called on the company to fix “grave mistakes.”

Azerbaijan is the third-largest oil producer in the former Soviet Union, after Russia and Kazakhstan. Its BTC link has shipped more than 203 million tons of oil since starting in 2006.

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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