Volume of transit oil via BTC decreases by nearly 14%

In January 2023, 3,255,100 tons of oil were transported via Azerbaijan's main oil pipelines, 9.2% more than in the same period last year, Report informs, citing the State Statistical Committee.

Some 77.8% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline.

During the reporting month, 2,533,500 tons of oil were transported through the BTC, 10.2% more than in the first month of 2022.

In the reporting period, 370,600 tons of transit oil were transported via the BTC pipeline, down 13.8% from the previous year.

The BTC pipeline currently carries mainly oil from Azerbaijan from the 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: BP (30.1%); AzBTC (25%); MOL (8.9%); Equinor (8.71%); TPAO (6.53%); Eni (5%); Total (5%), ITOCHU (3.4%); INPEKS (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).