Azerbaijan reveals 7-month oil transportation through BTC pipeline

Azerbaijan's main oil pipelines transported just over 22.77 million tons of oil during the first seven months of 2024, down 1.3% year-on-year, Report informs, citing the country’s State Statistical Committee.

Of this, 75.4%, were transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline.

Thus, 17.167 million tons of oil were transferred through BTC in the specified period, which is 2.6% less than in the first half of 2023.

Of the total oil transportation via BTC for seven months, 13.952 million tons (81.3%) were Azerbaijani oil, while 3.214 million tons (18.7%) were Turkmen and Kazakh oil.

During the reporting period, the volume of Azerbaijani oil transported through the BTC pipeline decreased by 5.1%, while the volume of Turkmen and Kazakh oil transported through the pipeline rose by 10.5%.

The BTC pipeline currently carries mainly Azerbaijani oil 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.

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