Turkey gets $1.3 bln from transportation of Azerbaijani oil in 2008

According to Turkish Yenigun newspaper, from the moment of BTC pipeline commissioning as of February of this year the Ceyhan port shipped 530,000,000 barrels of Azerbaijani oil on 671 tankers.

In 2008 Turkey received $1.3 bln from oil transportation by the BTC pipeline. Thus, BOTAS International Ltd. (Turkish operator of Baku-Tbilisi-Ceyhan) gets 35 cents per barrel of transported oil. Thus, through 2008 the company received $85,750,000 of income. From the moment of commissioning the BTC pipeline the company has received $186,000,000. Of this amount $106,000,000 was transferred to the state budget of Turkey (20 cents per barrel).

Turkish TPAO, holding 6.53% stocks in the BTC pipeline, received $1.2 bln of revenues in 2008.

Notably, the BTC pipeline extends to 1768 kilometers with 443 in Azerbaijan, 249 in Georgia and 1076 in Turkey. The daily transportation capacity of the pipeline makes a million of barrels.

It takes crude 10 days to pass from one end of the pipeline to another. The pipeline construction started in April of 2003, while it was first filled with oil on May 18 of 2005. Oil reached the Georgian section of the pipeline on August 10 of 2005, Turkish section on November 18 of 2005, Ceyhan terminal on May 28 of 2005.

On June 4 of 2006, the first tanker load of Azeri oil was sent to Europe from the Ceyhan port and the pipeline opened in Ceyhan on June 13 of 2006.

The pipeline shareholders are BP (20.1%), AzBTC (25%), Chevron (8.9%), Statoil (8.71%), TPAO (6.53%), ENI (5%), Total (5%), Itochu (3.4%), INPEX (2.5%), ConocoPhillips (2.5%) and Amerada Hess (2.36%).

/Day.Az/