BP’s Caspian Terminal Exported Less Oil in 2012 as Output Fell

BP Plc (BP/)’s Sangachal terminal south of the Azeri capital of Baku exported less crude oil in 2012 as output from the country’s largest deposit fell a second year.

The terminal shipped almost 282.9 million barrels of oil in 2012, down 3 percent, according to data e-mailed today by the BP office in Baku. Of the total, 246.4 million barrels were shipped through the Baku-Tbilisi-Ceyhan link and 29.1 million via the Western Route Export Pipeline. Both are operated by BP.

Sangachal also shipped on average 21.1 million cubic meters of gas a day, up from 18.2 million, according to the BP data.

The terminal’s processing capacity is 1.2 million barrels of oil and 25.5 million cubic meters of gas a day, BP says.

The BP-led Azeri-Chirag-Guneshli field in Azerbaijan’s section of the Caspian Sea cut production 7 percent last year to 32.9 million tons, the data showed. The Shah Deniz phase-one gas project, also operated by BP, raised output 16 percent to 7.73 billion cubic meters.

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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