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Oil halted to Baku-Tbilisi-Ceyhan

Oil halted to Baku-Tbilisi-Ceyhan
U.S. company Tengizchevroil halted oil pumping from Kazakhstan's Atrau region to Baku-Tbilisi-Ceyhan (BTC) pipeline.

Oil halted to Baku-Tbilisi-Ceyhan pipeline.

U.S. company Tengizchevroil halted oil pumping from Kazakhstan's Atrau region to Baku-Tbilisi-Ceyhan (BTC) pipeline.

U.S. Tengizchevroil, operating oil activities in Atrau region in Kazakhstan, halted pumping of oil to BTC pipeline on charges that Azerbaijan assumed an intransigent stance on taxation.

Todd Levy, Director General of Tengizchevroil, said they halted oil pumping because of Azerbaijan's high taxes on pumping. He said the oil would be shipped to world market through some other ways.

Levy said 22.5 million tones of crude oil was produced in 2009, noting they targeted to raise it to 23.5 million tones.

Baku-Tbilisi-Ceyhan (BTC) pipeline is a crude oil pipeline that covers 1,768 kilometres (1,099 miles) from the Azeri-Chirag-Gunesli oil field in the Caspian Sea to the Mediterranean Sea.

It connects Baku, the capital of Azerbaijan; Tbilisi, the capital of Georgia; and Ceyhan, a port on the southeastern Mediterranean coast of Turkey. It is the second longest oil pipeline in the world after the Druzhba pipeline.

The first oil that was pumped from the Baku end of the pipeline on May 10, 2005 reached Ceyhan on May 28, 2006.

www.turkishmaritime.com.tr

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