From January to May 2015 SOCAR has shipped 7,278,248 tons of Azerbaijani oil from the Ceyhan terminal, down 13.8% against the same period last year.
SOCAR press office reported that in May 2015 SOCAR has shipped 1,352,966 tons of oil from the Ceyhan terminal.
In 2014 20,483,248 tons of Azerbaijani oil was shipped from the Ceyhan oil terminal.
The length of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline is 1768 km, of which 443 km lie in Azerbaijan, 249 km in Georgia and 1076 km in Turkey. The carrying capacity of the pipeline is over 50 million tons of oil a year.
The project partners include BP (30.1%); SOCAR (25%); Chevron (8.9%); Statoil (8.71%); TPAO (6.53%); ENI (5%); Itochu (3.4%); ConocoPhillips (2.5%); INPEX (2.5%), Total (5%) and ONGC (2.36%). –0—
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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