The article discusses the ongoing decline in the volumes of Azerbaijani oil transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline to the Turkish port of Ceyhan. This decrease is attributed to reduced production at the Azeri-Chirag-Guneshli block and other significant oil fields in Azerbaijan. Reuters forecasts that Azerbaijani oil exports through Ceyhan will drop to 17.75 million barrels in August, down from 19.19 million barrels in July, marking a 7.5 percent decline in daily shipments month-over-month. According to SOCAR, in May 2024, 17.7 million barrels of oil were transported via BTC, contributing to a total of 12.2 million tons exported from January to May 2024.
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The article discusses the ongoing decline in the volumes of Azerbaijani oil transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline to the Turkish port of Ceyhan. This decrease is attributed to reduced production at the Azeri-Chirag-Guneshli block and other significant oil fields in Azerbaijan. Reuters forecasts that Azerbaijani oil exports through Ceyhan will drop to 17.75 million barrels in August, down from 19.19 million barrels in July, marking a 7.5 percent decline in daily shipments month-over-month. According to SOCAR, in May 2024, 17.7 million barrels of oil were transported via BTC, contributing to a total of 12.2 million tons exported from January to May 2024.