ECONOMY


BP TO FLOW KAZAKH OIL THROUGH BTC PIPELINE

BP PLC plans to begin shipping oil from Kazakhstan`s Tengiz oil field via the 1,770-km Baku-Tbilisi-Ceyhan (BTC) pipeline beginning later this month.

BP said the oil would be transported by barge from Kazakhstan to Azerbaijan and then loaded into the 1 million b/d BTC pipeline, with exports from Ceyhan expected to begin in mid-November.

It will ship up to 2 million tones/year of oil—possibly rising to 5 million tones/year—by barge across the Caspian Sea to Azerbaijan and onward by rail across Georgia to export terminals on the Black Sea.

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