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Capital expenditures on Baku-Tbilisi-Ceyhan oil pipeline exceed $38 mln

Oil&Gas Materials 28 November 2012 18:22 (UTC +04:00)

Azerbaijan, Baku, Sept. 28 / Trend E. Ismayilov /

In Jan.-Sept., capital expenditure on Baku-Tbilisi-Ceyhan oil pipeline amounted to $38.7 million, BP's report on nine months says. Capital expenditures for the pipeline for this year are planned to the amount of $73 million.

To date BTC's highest daily throughput has been 1.044 million barrels per day.
The total volume of oil exported via BTC till Nov. 25 is 209.5 million barrels (about197.3 million tons) loaded on 2,031 tankers.

The total length of BТС is 1.768 kilometers including the 443 kilometer section running via Azerbaijan, the 249 kilometer section via Georgia and the 1.076 kilometer via Turkey.

Construction of the pipeline began in April 2003 and it was filled with oil on May 18, 2005.

The shareholders of BTC are BP (30.1 percent), AzBTC (25 percent), Chevron (8.90 percent), Statoil (8.71 percent), TRAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.40 percent), Inpex (2.50 percent), ConocoPhilips (2.50 percent) and Hess (2.36 percent).

In Jan.-Sept. 2012, South Caucasus Pipeline (SCP) spent $7.7 million in capital expenditures. The total amount of capital expenditure for 2012 is $13.1 million, the report says.

SCP's daily average throughput was 11.1 million cubic metres or about 68,000 barrels of oil equivalent per day.

The length of the Baku-Tbilisi-Erzurum (South Caucasian gas pipeline) is more than 700km. The gas produced from the Shah Deniz field in the Azerbaijani sector of the Capian Sea is transported via the pipeline. The gas is supplied Georgia and Turkey. Azerbaijan also appears as the buyer of gas.

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