BTC Co shareholders stop pumping oil via Baku Novorossiysk and Baku-Batumi routes

BP-Azerbaijan press officer Tamam Bayatly told APA-Economics that the BTC Co. owners are pumping between 600,000 and 700,000 barrels of crude oil per day via Baku-Tbilisi-Ceyhan pipeline.

"They built the BTC pipeline to deliver their exports to the world market. Now, they decided to halt exports through Baku-Novorossiysk and Baku-Batumi routes," she added.

BTC Co. shareholders are BP (30.1%), AzBTC (25.00%), Chevron (8.90%), Statoil (8.71%), TPAO (6.53%), ENI (5.00%), Total (5.00%), Itochu (3.40%), INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).

AIOC shareholders include BP (34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), Itochu (3.95) and Hess (2.7%).