BTC pipeline is very important project for Turkey - BP official

The Baku-Tbilisi-Ceyhan (BTC) oil pipeline is a reasonable source of income for Turkey as well as a very prestigious project, BP Vice-President on Turkey Hakan Türker said, the Anadolu agency reported on Monday.

According to Türker, the Baku-Tbilisi-Ceyhan pipeline is a very important project for Turkey.

Türker said one per cent of the world's oil passes through the BTC pipeline on daily basis.
According to Türker, BTC passes through 330 settlements in Turkey.

The total length of B?? is 1.768 kilometres including the 443 kilometre section running via Azerbaijan, the 249 kilometre section via Georgia and the 1.076 kilometre via Turkey. Construction of the pipeline began in April 2003 and was filled with oil on May 18, 2005.

BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25 per cent); Chevron (8.90 per cent); Statoil (8.71 per cent); ???? (6.53 per cent); Eni (5 per cent); Total (5 per cent); Itochu (3.40 per cent); Inpex (2.50 per cent); ConocoPhillips (2.50 per cent) and ONGC (2.36 per cent).


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