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BAKU, Azerbaijan, Oct. 28 (UPI) -- Crude oil exports from major pipeline arteries in Azerbaijan generated about $36 billion from January to September, state officials said Tuesday.
Azerbaijan exported around 454 million barrels of crude oil, worth an estimated $36.2 billion, from January. Around 13 million of that oil traveled by rail, with the remainder channeling through major pipeline arteries originating in the capital, Baku, the Azeri Press Agency reported.
Those exports were 7.1 times greater than during the same period last year.
BP-Azerbaijan, a major operator in the region and majority shareholder of the Baku-Tbilisi-Ceyhan pipeline, forecast $28 billion in infrastructure investments in the coming years.
Meanwhile, the State Oil Co. of Azerbaijan said plans to expand its offices into Kazakhstan would help boost regional pipeline capacity through the Trans-Caspian energy routes.
"I hope this will help intensify business cooperation as a whole and enhance the process of such a large project as the Trans-Caspian oil transportation system," SOCAR's Vurgun Jafarov said earlier this month.
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