Azeri Oil Export Fall by 12,1 %

Azeri Oil Export Fall by 12,1 % The State Oil Company of Azerbaijan (SOCAR) exported 13,9 million ton by the BTC pipeline in January-August 2012. According to CESD sources in the SOCAR, export made 1,9 million ton in January, 1,4 million ton in February, 1,9 million ton in March, 1,9 million tin in April, 1,7 million ton in May, 1,6 million ton in June, 1,9 million ton in July, 1,6 million ton in August. Oil export dropped 12,1 % (1,9 million ton)... Read More

Azeri Oil Price drops 15 % in the world market

Azeri Oil Price drops 15 % in the world market The cost of a barrel of BTC FOB Ceyhan on the world market made $96.59 in June. This constitutes a drop of $15.96 over May. The statement came from sources in the State Oil Company of Azerbaijan. The cost of a barrel of Brent crude on the world market made $94.84 (against $110.2 in May). Urals oil was sold for $93.49 per barrel, which is a drop of $16 over may. Azerbaijani oil transported by the BTC... Read More

BTC transports over 193 million tons of oil

BTC transports over 193 million tons of oil The 2012 capital expenditures for the Baku-Tbilisi-Ceyhan (BTC) is $61,7 million. In the first half of the year, BTC spent $7,1 million in capital expenditures. BTC’s daily throughput capacity is currently 1.2 million b/d. Since the start-up, June 4, 2006 up to date, 1,870 tankers were loaded at Ceyhan with a total of about 193 million tons of crude oil transported via BTC and sent to world markets. The... Read More

SOCAR Oil Export Declined by 7 % in the first quarter of 2012

SOCAR Oil Export Declined by 7 % in the first quarter of 2012 The State Oil Company of Azerbaijan exported 5,2 million tonnes of oil via all routes including Baku-Novorossiysk, BTC and Baku-Supsa pipelines in the first quarter of 2012 which is 7,2  % lower than compare with the same period last year. SOCAR exported 5,6 million tonnes in the first three months of 2011 . Sources at the SOCAR mentioned that Baku-Novorossiysk exported 496,8 thousand... Read More

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... Read More