BTC, operated by BP, today celebrated the 100th cargo lifting at the Ceyhan Terminal in Turkey. The 100th tanker - the Knock Sheen took on board in excess of one million barrels of oil which took 26 hours to load.
Over the past few days BTC has achieved several other important milestones: it exported over 600,000 barrels yesterday, Monday, February the 5th - the highest daily flow-rate to date; and recently the Ceyhan terminal saw the berthing of the first 2 million barrel tanker. This type of vessel is expected to become a more regular feature as the throughput of the BTC system grows.
“These exceptional milestones achieved by the pipeline team over the past few days are proof that BTC is steadily moving towards what it is meant to be – a one-million barrel a day export pipeline from the Caspian to world markets. With the 600,000 barrel per day rate achieved yesterday we are making confident progress towards that goal. I would like to extend my congratulations and thanks to everyone whose efforts have been key to making these successes happen,“ says Rashid Javanshir, Director of BTC and BP’s Vice –President, Onshore Operations.
BTC’s throughput has steadily increased as its facilities and pump stations have been brought on stream since the completion of linefill in late May last year. Since the first tanker lifting at Ceyhan in June 2006, 73 million barrels (9.8 million tonnes) of crude oil has been exported via BTC. Current export via the pipeline is running ahead of expectations and it remains on target to achieve one million barrels per day (approximately 50 million tonnes per year) in late 2008.
While the pipeline initially carried only Azeri-Chirag-Gunashli (ACG) oil, the first delivery of Shah Deniz condensate into the line was made in January this year. It is expected that future volumes will include those from across the Caspian, possibly commencing by the end 2007.
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%).
Notes to Editors: BTC lifted the first tanker at Ceyhan on June 4, 2006. This marked the start of export of Azerbaijan’s oil via the BTC oil pipeline to world markets, bypassing the Turkish Straits. The official inauguration of the 1,076 kilometer- long Turkish section of the pipeline, the Ceyhan Terminal and the full BTC system took place on July 13, 2006.
The 1768km BTC pipeline will allow one million barrels of oil a day to be exported safely and responsibly from the Caspian without increasing tanker traffic through the already crowded Turkish Straits.
The pipeline uses 46/42/34” diameter pipe. It has eight pump stations and 98 valve stations across the three transit countries. The pipeline crosses more than 1500 rivers and climbs to a high point of 2,800 metres before returning to sea level at Ceyhan.
BTC is a world-class project, which is expected to make a positive difference by bringing significant benefits to the region. By avoiding the Turkish Straits, it will help relieve the inevitable growth in oil related traffic and associated environmental risks, while creating substantial revenues for the transit countries, and will help strengthen economic and political links between Azerbaijan, Georgia, Turkey and the West.
Tamam Bayatly at BP’s Press Office in Baku, telephone: 994 (0) 12 599 4557