Volume of transit oil via BTC decreases by nearly 22%

In January-February 2023, 6,048,100 tons of oil were transported via Azerbaijan's main oil pipelines, 8.5% more than in the same period last year, Report informs, citing the State Statistical Committee.

Some 76.5% of transportation was carried out via the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline.

During the reporting month, 4,628,700 tons of oil were transported through the BTC, 8.2% more than in the first two months of 2022.

In the reporting period, 626,700 tons of transit oil were transported via the BTC pipeline, down 21.8% 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%); INPEX (2.5%), ExxonMobil (2.5%) and ONGC (BTC) Limited (2.36%).