CASPIAN

 

Turkmen Exports Via BTC Increasing, Socar Data Indicates

Data recently published by Azeri state firm Socar indicates a significant year-on-year increase in the transfer of Turkmen crude oil via the 1.2mn b/d Baku-Tbilisi-Ceyhan (BTC) pipeline, despite Iranian claims that the volumes of Caspian oil entering Iran via its Caspian port of Neka have increased in recent months. Iran cancelled its swap contracts with Turkmenistan’s key producer Dragon Oil in June 2010 when...