BAKU, Azerbaijan, August 1. In the first half of 2024, Baku-Tbilisi-Ceyhan (BTC) Co. spent $70.5 million in operating expenditure and $17.7 million in capital expenditure, as compared to $59 million and $18 million, respectively in the first six months of 2023, Trend reports.
As such, the opex on BTC rose by 19,5 percent, while the capex dropped by 1.7 percent year-on-year.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of June 2024, it carried a total of over 4.3 billion barrels (about 576 million tonnes) of crude oil loaded on 5,707 tankers and sent to world markets.
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%).
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.
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