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Businesslend (6 February 2023)

Mirza Shenaz

Baku-Tbilisi-Ceyhan (BTC) oil pipeline continues its export operations, bp Azerbaijan informed Trend Feb.6 commenting on the potential penalties of the devastating earthquake in Türkiye for the pipeline’s operation.

“BTC continues its export operations.The tanker loading operations on the Ceyhan Terminal have been briefly suspended by the operator of the BTC pipeline in Turkiye (Botaş International Anonim Şirketi (BIAS). bp as supervisor of the BTC pipeline is deeply sorry to listen to in regards to the devastating earthquake in Southeast Turkiye and expresses condolences to the households and shut ones of all these affected by this tragic occasion. We verify that every one bp employee in Turkiye have been accounted for and are protected,” stated the firm.

BTC pipeline has transported 4,000,232,552 barrels of oil with 5,250 tankers from the beginning of business deliveries in 2006 till end-2022.

BTC provided 200,467,463 barrels and 224,388,520 barrels of crude oil to the world markets in 2021 and 2022, respectively.

The BTC pipeline at present carries primarily ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, different volumes of crude oil and condensate proceed to be transported by way of BTC, together with volumes from Turkmenistan, Russia and Kazakhstan.

The BTC Co. shareholders are: bp (30.1 %); AzBTC (25 %); MOL (changed Chevron as of 16 April 2020 (8.9 %); Equinor (8.71 %); TPAO (6.53 %).

A 7.7-magnitude earthquake was recorded in central Türkiye on
Feb. 6, 2023, in line with the European-Mediterranean Seismological Center. The quake’s epicenter was positioned 26 km away from the town of Gaziantep with a inhabitants of about 1.06 million. The supply of the earthquake was 7 km beneath the floor.

Türkiye’s Disaster and Emergency Management Authority stated that three extra earthquakes with a magnitude of 6.4-6.6 rocked Gaziantep province in south-eastern Türkiye.

As many as 912 individuals had been killed and 5,385 acquired injured within the quake. Furthermore, 2,470 individuals had been rescued from the rubble.

As a results of the earthquake that hit Türkiye, robust tremors had been additionally felt in Syria, Lebanon, Egypt, and Cyprus.

https://www.businesslend.com/news/baku-tbilisi-ceyhan-continues-its-export-operations-says-bp/