Volume of oil transported via BTC up by 2%

In 2023, 39.75 million tons of oil were transported via Azerbaijan's main oil pipelines, 5.2% more than in the same period last year, Report informs, citing the State Statistical Committee.

Of this, 75.9%, or 30.19 tons, were transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline, 1.5% more than in the same period of 2022.

During the period, 24.95 million tons (82.6%) were Azerbaijani oil, while 5.24 million tons (17.4%) were Turkmen and Kazakh oils.

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

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