Volume of transit oil pumped via the BTC more than doubles in 2022

In January-February this year, 5,575,000 tons of oil was transported via Azerbaijan's main oil pipelines, the State Statistics Committee says, adding that this is 3.9% less than in the same period last year.

In January-February this year, 76.7% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline.

During the reporting period, 4,276,900 tons of oil were transported through the BTC. This is 3.6% less than in the first two months of 2021.

Over the past months, 800,900 tons of transit oil were transported via the BTC pipeline, which is 2.04 times more than in the first two months of 2021.

The BTC pipeline currently carries mainly oil from Azerbaijan’s 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. are 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%).