From January to September 2014 21,844,191 tons of Azerbaijan oil was pumped via the Baku-Tbilisi-Ceyhan (BTC) pipeline, down 3.1% against the same period in 2013.
SOCAR press office reported that in September 2014 2,285,783 tons of oil was transported via BTC, since putting of the pipeline into operation on June 4, 2006 till October 1, 2014 257,160,695 tons of oil has been transported.
In September 2014 385,597 tons of Turkmen and Kazakhstan oil were transported via BTC.
In September 2014 2,543,390 tons of Azerbaijani oil was shipped from the Ceyhan oil terminal. From January to September 2014 22,125,785 tons of oil was shipped from the terminal, a total of 255,269,699 tons of Azerbaijan oil was shipped from the terminal since launching the BTC oil pipeline.
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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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