BP Resumes Oil Exports Via Baku-Supsa Pipe After Maintenance

BP Plc (BP/) yesterday resumed oil exports via the Baku-Supsa pipeline after a month of maintenance, according to Tamam Bayatli, a spokeswoman for the company in the Azeri capital of Baku.

The pipeline connecting BP’s Sangachal terminal south of Baku with Georgia’s Black Sea port of Supsa was closed for planned maintenance on May 15.

Production from the Azeri-Chirag-Guneshli oilfield, known as ACG, or the Shah Deniz fields, was not affected by the shutdown as crude exports continued through the main Baku- Tbilisi-Ceyhan pipeline, or BTC, BP said at the time. Both the ACG and Shah Deniz developments, as well as the BTC pipeline, are led by BP.

Azerbaijan, the third-largest oil producer in the former Soviet Union after Russia and Kazakhstan, exported 6.4 million metric tons of crude in the first quarter. That’s down 7.3 percent from a year earlier, the State Statistics Committee said in April.

The Caspian Sea nation pumped 18.5 million tons of oil in the first five months of 2012, down 7.5 percent from a year earlier, the Statistics Committee said this week.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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