Bloomberg News

BP Caspian Link Shipped 7.9% Less Azeri Oil in 2012, Socar Says

January 14, 2013

The BP Plc-led Baku-Tbilisi-Ceyhan pipeline shipped less Azeri crude oil last year as the Caspian nation cut production.

The so-called BTC link carried 29.7 million metric tons of oil (about 217 million barrels) last year, a decline of 7.9 percent from 2011, according to data published today on the website of State Oil Co. of Azerbaijan, or Socar, a partner in the pipeline project.

Azerbaijan, the largest oil producer in the former Soviet Union after Russia and Kazakhstan, saw production fall 3.7 percent last year to 43.9 million tons, Socar President Rovnaq Abdullayev said on Dec. 30. Natural gas output rose 8.3 percent to 27.9 billion cubic meters, he said.

As of Jan. 1, the 1,768 kilometer (1,099 mile) BTC link connecting Azerbaijan’s Caspian Sea coast with Turkey’s Mediterranean port of Ceyhan via Georgia has carried 205.45 million tons of oil since 2005, Socar said.

BTC also carried 228,188 tons of Turkmen oil in December, up from 204,758 tons a year earlier, according to the Socar data.

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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