BP’s Caspian Terminal Exported Less Oil in 2012 as Output FellZulfugar Agayev
BP Plc’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 continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Uber Victim Stepped Suddenly in Front of Self-Driving Car
- Apple Is Secretly Developing Its Own Screens for the First Time
- How Facebook Made Its Cambridge Analytica Data Crisis Even Worse
- Stocks Slump as Facebook Hits Tech; Bonds Recover: Markets Wrap
- From a $126 Million Bonus to Jail: The Fall of a Star Trader