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BP-Led Pipeline Ships Less Azeri Oil in First Two Months of Year

March 11 (Bloomberg) -- The BP Plc-led Baku-Tbilisi-Ceyhan pipeline shipped less Azeri oil in the first two months of the year as the country’s crude production declined.

The BTC link carried 4.9 million metric tons of oil through February, down 6.2 percent from a year earlier, according to data published today on the website of State Oil Co. of Azerbaijan, or Socar, a partner in the project.

Azerbaijan, the largest oil producer in the former Soviet Union after Russia and Kazakhstan, produced 3.8 million tons of oil in January, down 3.1 percent from a year earlier, the State Statistics Committee based in the capital, Baku, said Feb. 14.

The country pumped 43 million tons of oil in 2012, a 5.3 percent decline from 2011. Production of marketable natural gas rose 5.4 percent to 17.2 billion cubic meters, it said.

The 1,768-kilometer (1,100-mile) BTC link connecting the Azerbaijan Caspian Sea coast with Turkey’s Mediterranean port of Ceyhan, via Georgia, also exported 301,703 tons of Turkmen oil in February, down from 326,676 tons, according to Socar data.

Azerbaijan shipped 4.6 million tons of oil through the Ceyhan port in the first two months, down 3.8 percent.

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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