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Monday,
August 20,
2007, #158 (1425)
The Baku-Tbilisi-Ceyhan oil pipeline now has a capacity of one million barrels a day, or about 50 million tons a year. More capacity increases are planned, according to recent BP Azerbaijan statements. By 2008, writes the news agency Regnum, pipeline capacity is scheduled to reach 1.2 million barrels per day, and could go as high as 1.8 million barrels a day after that if the supply is there And the supply could be there, if talks between Baku and Astana are fruitful. Azerbaijani President Ilham Aliyev recently visited Kazakhstan's capital to push for more of that country's increasing oil production to be shipped across the Caspian Sea and fed into the BTC. Georgia, according
to Regnum has taken USD 50 million so far in transit fees since the
pipeline went online early last summer. |
BTC
capacity upped in anticipation of more Kazakhstani oil