Volume of oil pumped through BTC increases by 5%

In January-May 2023, 16,261,300 tons of oil were transported via Azerbaijan's main oil pipelines, 10.1% more than in the same period last year, Report informs, citing the State Statistical Committee.

Some 76.5% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline. Thus, the pipeline transported 12,434,600 tons of oil, up 5.5% from the previous year.

During this period, 84.3% or 10,486,100 tons of oil transported through the BTC pipeline was produced in Azerbaijan.

Some 15.7% or 1,948,500 tons of oil were imported from Turkmenistan and Kazakhstan.

The BTC pipeline currently carries mainly oil from Azerbaijan from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah Deniz field. In addition, other volumes of crude oil and condensate, including oil from Turkmenistan, Russia, and Kazakhstan, are transported through the BTC.

Shareholders of BTC Co: BP (30.1%); AzBTC (25%); MOL (8.9%); Equinor (8.71%); TPAO (6.53%); Eni (5%); Total (5%), ITOCHU (3.4%); INPEX (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).