Economic Calendar

Wednesday, October 15, 2008

BP's BTC Oil Pipeline Exports Climb as Platform Resumes Output

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By Alexander Kwiatkowski

Oct. 15 (Bloomberg) -- Crude oil shipments through BP Plc's Baku-Tbilisi-Ceyhan pipeline will average about 44 percent more than previously expected over the next month after one of two platforms resumed production.

Shipments from Oct. 18 to Nov. 21 will average 548,571 barrels a day, according to a revised loading program. An average of about 380,857 barrels a day was previously scheduled. A total of 19.2 million barrels will load in the period, compared with a previous forecast of 13.3 million barrels.

BP started production from the West Azeri platform in the Caspian Sea on Oct. 9 after a gas leak reduced output from the development. The Central Azeri platform resumed processing oil and gas from West Azeri, while its own production remained shut, BP's Azerbaijan spokeswoman Tamam Bayatly said Oct. 13.

To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net


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