Economic Calendar

Tuesday, October 7, 2008

BP's BTC Crude Oil Pipeline Will Export 18 Cargoes in November

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By Alexander Kwiatkowski

Oct. 7 (Bloomberg) -- Shipments of Azeri crude via the Baku-Tbilisi-Ceyhan pipeline will total 12.34 million barrels in November, 47 percent of the volume pumped before a spate of disruptions starting in August.

Eighteen cargoes, or an average of 411,333 barrels a day, will be exported next month, according to a revised loading schedule. In July, schedules showed a total of 24 million barrels would load, or 774,194 barrels a day.

The pipeline, which transports oil from Azerbaijan through Georgia to Turkey's Mediterranean coast, was disrupted for 20 days on Aug. 5 after a fire on the Turkish part of the link and again on Sept. 17 following a gas leak. BP Plc, the operator of the link, said flows were still reduced today.


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