Wednesday, July 18, 2007, #135 (1402)

BTC Oil Pipeline Running at Full Capacity
By M. Alkhazashvili
(Translated by Diana Dundua)

The Baku–Tbilisi–Ceyhan oil pipeline is now carrying nearly a million barrels of oil each day. From 2008, 80 percent of that oil should be Azerbaijani.

The pipeline’s capacity is 50 million tons a year, but expansion plans could up capacity to 80 million tons yearly.

So far, the year-old pipeline has pumped 22 million tons of oil across the South Caucasus. In 2007, according to the news agency Regnum, Turkey reaped profits of USD 700 million from the pipeline



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