Lukoil stops transporting oil through the Baku-Ceyhan pipeline
Russia which buys its oil to transport through BTC SOCAR and BP, which heads the consortium, refused to comment on the news
The Russian company Lukoil has been producing oil from the Caspian Sea since December Baku-Tbilisi-Ceyhan (BTC) pipeline will stop.
Reuters agency, citing four sources familiar with the matter, reports that Lukoil will transport oil through the Caspian Belt Consortium (KKK) system due to Western sanctions.
Europe Union’s embargo, which came into effect on December 5 Europe prohibits the import and transportation of oil from Russia to its buyers.
The KKK pipeline, which transports Kazakh oil, was exempted from this ban.
“BTC Russia does not want to transport oil”
One source told Reuters:
“Russia oil is leaving BTC and the reason is sanctions. “BTC does not want to transport Russian oil.”
Lukoil transported oil produced from the Yuri Korchagin and Filanovsky fields in the Caspian Sea through the BTC pipeline.
This too news it is given that the export of Lukoil company with KKK should reach 660 thousand tons per day in December. This figure is 364 thousand tons per day for the month of November.
Lukoil, SOCAR and BP do not comment
Reuters reports that Lukoil and KKK declined to comment on the report.
Purchaser to transport Russian oil through BTC SOCAR and BP, which heads the consortium, declined to comment.
KKK is the main export pipeline of Kazakhstan oil, and 80 percent of its capacity consists of Kazakh oil.
The capacity of this belt 10 percent falls on the share of Russian oil.
Reuters writes that KKK oil is currently transported with BTC Azerbaijan is much cheaper than oil.
The full capacity of BTC is 1 million barrels per day, but currently the full capacity of the pipeline is not being used.
Currently with BTC pipeline Azerbaijan the main oil exporters are SOCAR, BP, Hungarian MOL, Exxon and Turkish TPAO.