Volume of crude oil exported via BTC pipeline in March revealed

The volume of exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline decreased by 7% in March 2024, compared to February 2024, Report informs via OPEC.

"In March, exports through the BTC pipeline decreased by 42,000 barrels per day compared to February and averaged 577,000 barrels per day," the report said.

Total crude oil exports from Russia and Central Asia averaged 6.6 million barrels per day in March, an increase of 197,000, or about 3% from the previous month.

Gains were seen in both the Black Sea and Baltic, while pipeline flows declined. Compared to the same month in 2023, outflows were 50,000 barrels per day, or 1%, higher.

Meanwhile, Central Asian exports averaged 224,000 barrels of crude oil per day in March, representing an increase of 2% compared to March 2023, and an 8% drop from the same month of 2023.

Black Sea total exports from the CPC terminal increased 33,000 barrels per day in March, or over 2%, to average 1.5 million barrels. This represents a decline of 75,000 barrels daily, or 5%, compared with the same month of 2023.