Thursday, June 01, 2006
First Azerbaijani oil in Ceyhan to be transported from Turkey by tanker
05-30-2006 REGNUM News - Main part of Baku-Tbilisi-Ceyhan export oil pipeline project has been realized – Azerbaijani oil has reached Turkish port of Ceyhan, state AzTV-Channel informed, stressing that at present Azerbaijani oil supplies into world market are being prepared in the port of Ceyhan. 600,000 barrels of oil will be loaded aboard the first tanker. On May 30, the tanker will transport Azerbaijani Light Oil from Turkey, after last necessary documents are filled.
On the occasion of oil reaching Ceyhan, a festive opening ceremony is planned for 13 July, in which presidents of Azerbaijan, Turkey, Georgia, and Kazakhstan, as well as governmental officials of other countries, whose companies are involved in the project, will take part in it. One billion barrels of oil will be daily transported via the $4 billions worth pipeline.
As REGNUM reminds, on September 18, 2002, President of Azerbaijan Heydar Aliyev, Georgian President Eduard Shevardnadze, Turkish President Ahmed Necdet Sezer, and US Energy Ministry Spenser Abraham unveiled memorial desks at Sangachal terminal (Azerbaijan) and put a capsule made of stainless steel into ground with secrete message for future generations. In such way, construction of one of biggest in the world pipelines, Baku-Tbilisi-Ceyhan one symbolically started. The BTC is $2.95 billions worth, 1,760 km long; its carrying capacity totals 50 millions of tons of oil annually; its period of depletion totals 40 years. The whole produced oil will be exported to the West via the BTC oil pipeline; its whole length will total 1,762 km, including 443 km in territory of Azerbaijan, 229 – Georgia, 1,070 km – Turkey.
Financing of the BTC pipeline was several times threatened by stoppage, till final investors’ stuff was defined – BP (30.1%, project operator), Azerbaijani State Oil Company (25%), Unocal (8.9%), Statoil (8.71%), TRAO (6.53%), ENI (5%), Itochu (3.4%), ConocoPhilips (2.5%), INPEX (2.5%), Total (5%), and Amerada Hess (2.36%).
It is planned that Georgia will receive for oil transit net profit at the rate of $2.5 billions during the pipeline’s 40-year long operation period. Initially, following transit profit distribution was foreseen in accordance with tariff net and length of BTC countries’ sectors: $1,664 millions to Azerbaijan, $3,981 millions to Turkey, $836 millions to Georgia. At the last moment, Shevardnadze quite unexpectedly abruptly raised transit price, threatening to ruin the project. In order to prevent it, Azerbaijan was forced to yield Georgia its whole share for oil transport.
On the occasion of oil reaching Ceyhan, a festive opening ceremony is planned for 13 July, in which presidents of Azerbaijan, Turkey, Georgia, and Kazakhstan, as well as governmental officials of other countries, whose companies are involved in the project, will take part in it. One billion barrels of oil will be daily transported via the $4 billions worth pipeline.
As REGNUM reminds, on September 18, 2002, President of Azerbaijan Heydar Aliyev, Georgian President Eduard Shevardnadze, Turkish President Ahmed Necdet Sezer, and US Energy Ministry Spenser Abraham unveiled memorial desks at Sangachal terminal (Azerbaijan) and put a capsule made of stainless steel into ground with secrete message for future generations. In such way, construction of one of biggest in the world pipelines, Baku-Tbilisi-Ceyhan one symbolically started. The BTC is $2.95 billions worth, 1,760 km long; its carrying capacity totals 50 millions of tons of oil annually; its period of depletion totals 40 years. The whole produced oil will be exported to the West via the BTC oil pipeline; its whole length will total 1,762 km, including 443 km in territory of Azerbaijan, 229 – Georgia, 1,070 km – Turkey.
Financing of the BTC pipeline was several times threatened by stoppage, till final investors’ stuff was defined – BP (30.1%, project operator), Azerbaijani State Oil Company (25%), Unocal (8.9%), Statoil (8.71%), TRAO (6.53%), ENI (5%), Itochu (3.4%), ConocoPhilips (2.5%), INPEX (2.5%), Total (5%), and Amerada Hess (2.36%).
It is planned that Georgia will receive for oil transit net profit at the rate of $2.5 billions during the pipeline’s 40-year long operation period. Initially, following transit profit distribution was foreseen in accordance with tariff net and length of BTC countries’ sectors: $1,664 millions to Azerbaijan, $3,981 millions to Turkey, $836 millions to Georgia. At the last moment, Shevardnadze quite unexpectedly abruptly raised transit price, threatening to ruin the project. In order to prevent it, Azerbaijan was forced to yield Georgia its whole share for oil transport.
# posted by Deval : 5:34 AM
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