During 11 months, 2012 2,820,016 tons of Turkmenistan oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline. The volume of transportation increased by 22.6% or 787,747 tons against the same period in 2011.
According to the SOCAR's press office, in November 2012 243,501 tons of Turkmenistan oil was pumped via BTC, up 47,651 tons against November 2011.
Turkmenistan oil extracted by two foreign companies (Petronas and Dragon Oil) in the Turkmenistan sector of the Caspian Sea within the framework of the production sharing agreements (PSA) is transported via BTC. They delivered this oil to the Iranian Neka port on the basis of swap contracts. In July 2010 they signed contract with SOCAR Trading on oil purchase-sale. SOCAR Trading buys oil on the Turkmenistan coastal terminal and delivers it to the terminal located on Sangachal. From there Turkmenistan oil is pumped to the BP Sangachal terminal via 5-km-long pipeline, from which BTC pipeline starts.
During 2010 a total of 1,270,000 tons of Turkmenistan oil was transported via BTC, in 2011 - 2,237,027 tons and by December 1, 2012 - 6,327,043 tons.-0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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