BAKU, Azerbaijan, May 10. In the first quarter of 2024, about $33 million in operating expenditure and $7 million in capital expenditure was spent on the Baku-Tbilisi-Ceyhan (BTC) pipeline, as compared to $34 million and $10 million, respectively, in the same period in 2023, Trend reports via bp.
As such, the capex and opex on BTC dropped by 2.9 percent and 30 percent, respectively year-on-year.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the first quarter of 2024, it carried a total of about 4.3 billion barrels (about 568 million tonnes) of crude oil loaded on 5,629 tankers and sent to world markets.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of Caspian regional crude oil and condensate (Kazakhstan, Turkmenistan, SOCAR non-ACG volumes) continue to be transported via BTC.
BTC Co. shareholders are: bp (30.1%), SOCAR (25.00%), MOL (8.90%), Equinor (8.71%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU (3.40%), INPEX (2.50%), ExxonMobil (2.50%) and ONGCVidesh (2.36%).
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