Baku, Azerbaijan, May 17
By Maksim Tsurkov – Trend:
Operating expenditure on the Baku-Tbilisi-Ceyhan (BTC) oil pipeline amounted to approximately $30 million in January-March 2018 as compared to nearly $29 million in January-March 2017, reads the BP report on its activity in Azerbaijan for the first quarter of 2018.
This is while capital expenditure on BTC totaled about $5 million in January-March 2018, which corresponds to the level of capital expenditure in the same period last year.
About 8.3 million tons (63 million barrels) of oil were transported via BTC in January-March 2018.
From June 2006 to April 1, 2018, a total of around 391 million tons (about 2.93 billion barrels) of oil were exported via the Baku-Tbilisi-Ceyhan pipeline.
Total length of BТC is 1,768 kilometers, including a 443-kilometer section running through Azerbaijan, a 249-kilometer section in Georgia and a 1,076-kilometer section in Turkey. Construction of the pipeline started in April 2003. It was filled with oil May 18, 2005.
The BTC Co., which was established August 1, 2002 for implementation of the BTC pipeline project, has the following shareholders: BP (30.1 percent); AzBTC (25 percent); Chevron (8.9 percent); Statoil (8.71 percent); TPAO (6.53 percent); Eni (5 percent); Total (5 percent), ITOCHU (3.4 percent); INPEX (2.5 percent), ExxonMobil (2.5 percent) and ONGC (BTC) Limited (2.36 percent).
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