First leg of BTC pipeline inaugurated in Azerbaijan

06/06/2005
The first leg of the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline was inaugurated May 25 in an official ceremony at the head pump station in the Sangachal terminal near Baku.BTC Co. shareholders are BP PLC, 30.1%; AzBTC, 25%; Unocal Corp., 8.9%; Statoil ASA, 8.71%; TPAO, 6.53%; Eni SPA and Total SA, 5% each; Itochu, 3.4%; INPEX and ConocoPhillips, 2.5% each; and Amerada Hess Corp., 2.36%.The inauguration ceremony follows the commissioning of the BTC head pump station at the Sangachal terminal and officially marks the commencement of the first line-fill phase (OGJ, May 16, 2005, p. 32).A total of 10 million bbl of crude oil is required to fill the 1,760-km, 34-46-in. pipeline, extending f...
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