BTC transports one billionth barrel of crude
16 September, 2010
BTC transports one  billionth barrel of crude

The Baku-Tbilisi-Ceyhan (BTC) pipeline transporting Azeri oil to international market via Georgia and Turkey safely transported one billion barrels of Caspian crude to world markets. BTC oil export Pipeline Company, operated by BP, announced on September 13, 2010.
The one billionth barrel of oil was pumped into BTC at the Sangachal Terminal near Baku in early September.

 

It then travelled across Azerbaijan, Georgia and Turkey recently reaching the Ceyhan Marine Terminal where it was loaded on the 1275th tanker – the

Nippon Princess. The tanker with the one billionth barrel of oil on board departed  Ceyhan for Rotterdam on September 13, 2010; BP Georgia office informed Georgian Journal.

“The one billionth barrel through BTC is an important milestone which clearly demonstrates that the pipeline has so far performed up to expectations since the start of line fill in 2005– it is safe, efficient and reliable.  The BTC pipeline project was a monumental technical achievement that has also set an industry benchmark for environmental performance and social responsibility,” Rashid Javanshir, BP Azerbaijan President, said. 
According to Neil Dunn, BP Georgia General Manager, parties are pleased that the project proved to be mutually beneficial for all parties involved. That neighbours, communities along BTC route - 77 communities - have benefited through numerous jobs it has offered, investment into sustainable development projects and opportunities it has provided for their economic growth.

BTC’s throughput capacity is currently 1.2 million barrels per day. The oil transported via BTC to world markets mainly comes from the Azeri-Chirag-Gunashli (ACG) and Shah Deniz fields in the Azerbaijan sector of the Caspian Sea.  Following the signature of a new transportation agreement in July 2010, crude oil from Turkmenistan has started to be transported.  BTC also has ongoing agreements to carry oil from the Tengiz field in Kazakhstan.
The current export rate via BTC is about 850,000 barrels per day and to-date the highest daily flow-rate of 1.06 million barrels was achieved on July 21, 2010. 
The total volume of oil exported via BTC during 2010 is about 191 million barrels (around 25.8 million tonnes).
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%).

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