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Azerbaijan exports over 38 million tons of oil in 2015

Azerbaijan exports over 38 million tons of oil in 2015

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Date: 15 January 2016 17:52

Baku, Azerbaijan, Jan. 15

By Maksim Tsurkov – Trend:

Azerbaijan exported 38.1 million tons of oil in 2015, Azerbaijani Energy Minister Natig Aliyev’s article published in the official press said Jan. 15.

"Some 36.9 million tons of the total volume of the exported oil accounted for the Azerbaijan International Operating Company (AIOC),” the article said. “Some 1.2 million tons more accounted for SOCAR. Most of the oil was exported via the Baku-Tbilisi-Ceyhan (BTC) pipeline."

The Kazakh and Turkmen oil is also supplied via BTC with a capacity of 1.2 million bpd.

Azeri Light oil, produced in the Azeri-Chirag-Guneshli field, is mainly exported via BTC. Besides the Azerbaijani oil, the oil from Kazakhstan and Turkmenistan, delivered to Baku by tankers, is supplied through a pipeline. Some 5.55 million tons of Kazakh and Turkmen oil were supplied via BTC in 2015.

BTC Co. shareholders are: BP (30.1 percent), AzBTC (25 percent), Chevron (8.9 percent), Statoil (8.71 percent), ТРАО (6.53 percent), Eni (five percent), Total (five percent), Itochu (3.4 percent), Inpex (2.5 percent), ConocoPhillips (2.5 percent) and ONGC (2.36 percent).

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Follow the author on Twitter: @MaksimTsurkov

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