BAKU, Azerbaijan, Feb.6
By Leman Zeynalova – Trend:
In 2019, Baku-Tbilisi-Ceyhan (BTC) oil pipeline exported around 233 million barrels (about 31 million tonnes) of crude oil loaded on 296 tankers at Ceyhan, Trend reports citing BP Azerbaijan.
This is while in 2018, BTC exported about 255 million barrels (around 34 million tonnes) of crude oil loaded on 327 tankers at Ceyhan.
“Since the 1,768 km BTC pipeline became operational in June 2006 till the end of 2019, it carried a total of more than 3.35 billion barrels (more than 447 million tonnes) of crude oil loaded on 4,381 tankers and sent to world markets,” BP said in its report on 2019 results.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan, Russia and Kazakhstan.
The report shows that in 2019, BTC spent approximately $138 million in operating expenditure and about $44 million in capital expenditure, as compared to approximately $116 million in operating expenditure and about $41 million in capital expenditure in 2018.
The BTC Co. shareholders are: BP (30.1 percent); AzBTC (25 percent); Chevron (8.9 percent); Equinor (8.71 percent); TPAO (6.53 percent); Eni (5 percent); Total (5 percent), ITOCHU (3.4 poercent); INPEX (2.5 percent), ExxonMobil (2.5 percent) and ONGC (BTC) Limited (2.36 percent).
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