Almost 1.49 million tons of Kazakh oil carried via BTC pipe and 200,300 tons of them in August

Almost 1.49 million tons of Kazakh oil carried via BTC pipe and 200,300 tons of them in AugustBaku, Fineko/abc.az. The March-July’s tendency of decline of Kazakh oil transportation via Baku-Tbilisi-Ceyhan (BTC) after February’s record indicator resumed this August. The transportation via BTC started in October 2008.

The State Statistics Committee of Azerbaijan informs that for Jan-Aug 2009 Kazakh oil transportation via BTC pipeline named after Heydar Aliyev totaled 1.2 million tons. This August 200,000 tons were transported versus 92,300 tons in July, 152,900 in June, 163,000 tons in May, 137,700 tons in April, 152,800 tons in March, 240,200 tons in February and 161,100 tons in January of the year.

Taking into account Oct-Dec 2008 transportation (285,100 tons), Kazakh oil transit via BTC pipeline has already reached 1.485 million tons.

Simultaneously Kazakh oil transportation in October 2008 reached 17,400 tons, in November 119,300 tons, and December 2008 148,400 tons.

For Jan-Aug 2009 BTC exported 20.9% of all the cargo transportation in Azerbaijan (122 million tons). Over Jan-Aug the pipeline transported 25.5 million tons of oil.  Of them 3.4 million in August, 3.5 million tons in July, by 3.4 million tons in June and May, 3.1 million tons in April, 3.3 million tons in March, and by 2.7 million tons in January and February of the year. Following 2008 BTC transportation made 17.9% of all cargo carriages in Azerbaijan (183 million tons).  Last year it was carried 32.8 million tons of oil (+15.3% against the 2007 index) via the pipeline.

On 14 November 2008 the State Oil Company of Azerbaijan (SOCAR) and Kazakh national company KazMunayGaz signed an agreement on key principles of Trans-Caspian Project.

The Agreement defines main conditions and principles of joint realization of the project, creation of JV on the project between SOCAR and KazMunayGas, issues of financing, tariff forming, conditions of access to created facilities and gradual development of Trans-Caspian oil export system. The agreement is the first practical move stipulating creation of concrete system with definition of conditions of supplies, tariffs and other matters.

The agreement envisaged foundation of a JV to undertake the project feasibility study, construction and operation. Original cost of the project is around $3 bn. The project will consist of some components – creation of infrastructure in Kazakhstan, Trans-Caspian segment to be financed jointly with Azerbaijan, and creation of infrastructure in Azerbaijan. For financing the Kazakh consignors will provide guaranteed volumes of oil under which we will raise borrowing finances.

Successful realization of Trans-Caspian Project will allow creation of realiable system of long-term tanker transportation through oil terminals in Kazakhstan and Azerbaijan and its following export with use of Baku-Tbilisi-Ceyhan (BTC) pipeline and other oil transport infrastructure.

At primary stage this system will ensure a possibility of transportation of 500,000 barrels of oil (23 million tons a year) with following increase up to 750,000-1.2 million barrels (35-56 million a year).

http://abc.az/eng/news/main/38497.html

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