BP Link Ships 9.2% Less Oil Through August as Azeri Output Falls

The BP Plc-led Baku-Tbilisi-Ceyhan pipeline delivered 9.2 percent less oil in the first eight months of the year as Azerbaijan’s crude production declined.

The BTC link shipped 20.66 million metric tons of oil through August, down from 22.76 million tons a year earlier, according to data published today on the website of State Oil Co. of Azerbaijan, or Socar.

The pipeline, which connects BP’s Sangachal terminal south of the Azeri capital of Baku to Turkey’s Mediterranean port of Ceyhan through Georgia, exports oil from the offshore Azeri- Chirag-Guneshli and Shah Deniz fields, also operated by BP. It can pump 1.2 million barrels of oil a day.

Azerbaijan’s crude oil production declined in the first half of the year by 7.1 percent to 22.2 million tons, the State Statistics Committee said in July. The third-largest oil producer in the former Soviet Union pumped 45.6 million tons of oil last year, a decline of 10.2 percent from the previous year.

Azerbaijan exports smaller volumes of oil through the Baku- Novorossiysk and BP-led Baku-Supsa pipelines and by rail as well.

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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