BTC oil pipeline put into operation: Caspian oil loaded aboard British tanker
On May 29, first Caspian oil reached Turkey via Baku-Tbilisi-Ceyhan (BTC) oil pipeline. According to Turkish sources, loading of British tanker has continued in the port of Ceyhan (Adana province), which will last no less than a week.
50 million tons of oil are to be transported annually via the BTC pipeline. It is 1,768 km long; length of its Turkish sector totals 1,076 km. The project is about $4 billions worth. British Petroleum is the main stockholder and operator, possessing 31.1% of shares. Following companies are the project’s members: Azerbaijani State Oil Company (25%), Unocal (8.9%), Statoil (8.71%), TRAO (6.53%), ENI (5%), Itochu (3.4%), ConocoPhilips (2.5%), INPEX (2.5%), Total (5%), and Amerada Hess (2.36%).
It is worth stressing that BTC’s putting into operation was postponed several times. Initially, it was planned for the end of 2004. The oil pipeline’s official opening ceremony is planned for July 13. Representatives of 16 countries, including leaders of Turkey, Georgia, and Azerbaijan, are expected to take part in it.
18:25 05/30/2006
Printer friendly version | This news in Russian | PDA version (in Russian)
“Baku-Tbilisi-Ceyhan Project” - Latest Headlines:
- Declarations of Kiev Energy Summit are a desperate cry of ineffective allies of the West- Modest Kolerov
- Baku-Tbilisi-Ceyhan pipeline goes to pieces?
- Azerbaijan thinking about suspension of oil transportation via Baku-Novorossiysk
- 4.8mln of Azerbaijani oil transported via Baku-Tbilisi-Ceyhan oil pipeline since January
- “There are all prerequisites for establishing protectorate over historical Armenian lands in the territory of Turkey”: Armenian press digest
All Headlines on the Subject “Baku-Tbilisi-Ceyhan Project” (67)
