BAKU, Azerbaijan, April 23. Increasing oil
volumes from Kazakhstan is essential for expanding shipments via
the Baku-Tbilisi-Ceyhan pipeline (BTC), Taghi Taghi-Zada, Acting
Chief of Trading Operations at SOCAR Trading, said at the 2nd Forum
on Logistics and Oil Trade in the Caspian and Central Asian Regions
in Baku, Trend
reports.
“Kazakhstan transports oil via the BTC route as it recognizes
differences in value. This relates to route quality, delivery time,
freight cost, pricing structure, insurance expenses, and other
factors,” he said.
According to him, all these elements confirm that BTC remains a
safer and more valuable export route for the region and continues
to maintain this status.
“Additionally, our colleagues from Kazakhstan, while rightly
pointing to the high transportation costs, given the need for
trans-Caspian shipments, domestic transportation across Kazakhstan,
and further delivery to Ceyhan, still view BTC as a strong
alternative to existing routes. To further expand the use of the
BTC route from Kazakhstan, increasing supply volumes could be a key
factor,” Taghi-Zada added.
BTC Co. shareholders include bp (30.10%), SOCAR (32.97%), MOL
(8.90%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU
(3.40%), ONGC Videsh (3.10%), ExxonMobil (2.50%), and INPEX
(2.50%).
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
