BOTAŞ Petroleum Pipeline Corporation (BOTAS) is the state-owned crude
oil
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...
and
natural gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...
pipelines and trading company in
Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...
. The company was established in 1974 as a
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
of
TPAO
Türkiye Petrolleri Anonim Ortaklığı (TPAO) (Turkish Petroleum Corporation) was founded in 1954 by Law No. 6327 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing activities of o ...
. Since 1995, BOTAS is a wholly state-owned company.
History
BOTAŞ was originally established in 1974 for construction and operation of the
Kirkuk-Ceyhan Oil Pipeline. Since 1987, BOTAŞ has been also involved in the natural gas transportation and trade activities. From February 9, 1990 until May 2, 2001, BOTAŞ had monopoly rights on natural gas import, distribution, sales and pricing.
In practice, the gas distribution monopoly of BOTAŞ ended only in 2007, when
Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...
and
Bosphorus Gaz
Bosphorus Gaz Corporation is a gas importer and distributor in Turkey. It controls about 25% of Turkey's private natural gas market.
The company was established in 2003 in Istanbul. In 2004, Securing Energy for Europe a former subsidiary of the ...
, a joint venture of
Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the larges ...
and Tur Enerji, started to sell natural gas in the market.
Pipeline operations
In addition to the Kirkuk-Ceyhan Oil Pipeline, BOTAŞ owns and operates Ceyhan-Kırıkkale, Batman-Dörtyol, and Şelmo-Batman crude oil pipelines. It also owns and operates the national gas grid of Turkey with total length of , and Marmara Ereğlisi Liquefied Natural Gas (LNG) Import Terminal. Internationally BOTAŞ participates in the
Baku-Tbilisi-Ceyhan pipeline,
Arab Gas Pipeline
The Arab Gas Pipeline is a natural gas pipeline in the Middle East. It originates near Arish in the Sinai Peninsula and was built to export Egyptian natural gas to Jordan, Syria, and Lebanon, with branch underwater and overland pipelines to and ...
section between Syria and Turkey, and
Turkey-Greece pipeline.
[ It is also partner in the ]Nabucco Pipeline
The Nabucco pipeline (also referred as Turkey–Austria gas pipeline) was a failed natural gas pipeline project from Erzurum, Turkey to Baumgarten an der March, Austria to diversify natural gas suppliers and delivery routes for Europe. The pipe ...
project.
Finance
Energy analysts think that imports from Azerbaijan are being bought at a discounted spot price
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the ...
until 2024. In 2019 BOTAŞ made an operating loss of 2 million 3 hundred thousand lira for each of its 2700 employees. The company is on the Global Oil & Gas Exit List.
See also
*Marmara Ereğlisi LNG Storage Facility
Marmara Ereğlisi LNG Storage Facility ( tr, Marmara Ereğlisi LNG Terminali) is an above-ground liquefied natural gas (LNG) tanks facility in Tekirdağ Province, northwestern Turkey.
The LNG storage facility is located in Marmara Ereğlisi, eas ...
*
*Lake Tuz Natural Gas Storage Lake Tuz Natural Gas Storage ( tr, Tuz Gölü Doğalgaz Deposu) is an underground natural gas storage facility under construction in Aksaray Province, central Turkey. It was developed artificially in a salt formation.
The storage facility is situat ...
*Botaş Dörtyol LNG Storage Facility Botaş Dörtyol LNG Storage Facility ( tr, Botaş Dörtyol Yüzer LNG Terminali) is a floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) in Hatay Province, southern Turkey. It is country's second floating LNG storage f ...
*Botaş Saros FSRU Terminal
Botaş Saros FSRU Terminal ( tr, BOTAŞ Saros FSRU Limanı) is a liquefied natural gas (LNG) terminal under construction. Owned by the Turkish state-owned corporation BOTAŞ, it is located at the northeastern shore of the Gulf of Saros in Turkey. ...
, under construction as of 2022
* MT ''Botaş FSRU Ertuğrul Gazi''
References
External links
*
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{{DEFAULTSORT:BOTAS
Oil and gas companies of Turkey
Natural gas pipeline companies
Energy companies established in 1974
Ministry of Energy and Natural Resources (Turkey)
1974 establishments in Turkey