The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline company, operated by BP, announced today BTC had safely transported one billion barrels of Caspian crude to world markets.
The one billionth barrel of oil was pumped into BTC at the Sangachal Terminal near Baku in early September. It then travelled across Azerbaijan, Georgia and Turkey recently reaching the Ceyhan Marine Terminal where it was loaded on the 1275th tanker – the Nippon Princess. The tanker with the one billionth barrel of oil on board departed Ceyhan for Rotterdam today, on September 13.
Rashid Javanshir, BP Azerbaijan President, says: “The one billionth barrel through BTC is an important milestone which clearly demonstrates that the pipeline has so far performed up to expectations since the start of line fill in 2005– it is safe, efficient and reliable. The BTC pipeline project was a monumental technical achievement that has also set an industry benchmark for environmental performance and social responsibility.
“We are proud to say that in addition to its main benefit of relieving the growth of oil tankers through the Turkish Straits, BTC has been a source of major benefit to its neighbours along its length - approximately 730,000 people in 550 communities - through numerous jobs, it has offered, tens of millions of dollars it has spent in sustainable development projects and opportunities it has provided for their economic growth. I would like to thank all those who have helped us achieve this milestone – the governments of Azerbaijan, Georgia and Turkey, BTC shareholders, our neighbours, BTC staff, Botas International Limited (BIL), the operator of the pipeline in Turkey and the Ceyhan Terminal,” says Javanshir.
BTC’s throughput capacity is currently 1.2 million barrels per day. The oil transported via BTC to world markets mainly comes from the Azeri-Chirag-Gunashli (ACG) and Shah Deniz fields in the Azerbaijan sector of the Caspian Sea. Following the signature of a new transportation agreement in July 2010, crude oil from Turkmenistan has started to be transported. BTC also has ongoing agreements to carry oil from the Tengiz field in Kazakhstan.
The current export rate via BTC is about 850,000 barrels per day and to-date the highest daily flow-rate of 1.06 million barrels was achieved on July 21, 2010.
The total volume of oil exported via BTC during 2010 is about 191 million barrels (around 25.8 million tonnes).
The BTC Co. shareholders are: BP (30.1%, operator); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).
Tamam Bayatly in BP’s Baku Press Office, tel. (+994 12) 599-45-57
Tamila Chantladze in BP’s Tbilisi Press Office, tel. (995 32) 59 34 40
Murat Lecompte in BP’s Istanbul Press Office, tel. (+90 216) 571 20 02