BTC pumped 32m tons of Azeri oil in 2011

BTC pumped 32m tons of Azeri oil in 2011 The Baku-Tbilisi-Ceyhan (BTC) oil pipeline transported more than 32.22 million tons of Azerbaijani oil in 2011, down from 37 million tons reported in 2010, the state oil company Socar said Monday. In December alone, over 2.16 million tons of crude were pumped via the pipeline, which pumps oil produced from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) block of fields in the Caspian Sea and condensate from the Shahdaniz offshore field. As of... Read More

Does Turkey’s energy deal with Russia affect Nabucco?

Does Turkey’s energy deal with Russia affect Nabucco? The latest energy agreement signed between Russia and Turkey will not affect the implementation of the Nabucco gas pipeline project, and on the contrary, will facilitate it, Turkish Energy Minister Taner Yildiz was quoted by Hurriyet newspaper as saying on Monday. “All the statements that implementation of the Nabucco project will slow down after the signing of the agreement on [Russian-backed] South Stream [pipeline] are... Read More

Azerbaijani oil export via Ceyhan tops 170m tonnes

Azerbaijani oil export via Ceyhan tops 170m tonnes Azerbaijan exported over 32m tonnes of oil via Turkey’s Mediterranean port of Ceyhan in 2011, and 170m tonnes since it started using the port in 2006. On December 2011, 2,187,122 tonnes of Azerbaijani oil were exported via Ceyhan, of which 1,645,024 tonnes belongs to the State Oil Fund of Azerbaijan,Gun.Az reports, citing figures from state oil company SOCAR. In the 2011 as a whole, Azerbaijan exported 32,083,769 tonnes... Read More