The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 23 million barrels of crude oil in March, 4 million barrels more than the February program, a crude oil trader said Tuesday.
March loadings will amount to 741,935 barrels of oil a day, compared with 678,571 barrels a day in February, the trader said.
The March program includes one cargo of 2 million barrels, four cargoes of 1 million barrels, 16 cargoes of 800,000 barrels, and seven cargoes of 600,000 barrels, the trader said.
BP PLC (BP) is a 30% stakeholder in the BTC pipeline, which carries Azeri crude from Baku in Azerbaijan to Turkey's Mediterranean port of Ceyhan.