BAKU, Azerbaijan, November 5. In the first three quarters of 2024, BTC Co. spent $104 million in operating expenditure and $28 million in capital expenditure as compared to $86 million in operating expenditure and $25 million in capital expenditure in the same period in 2023, Trend reports via bp.
As such, operating expenditure and capital expenditure on BTC rose by 20.9 percent and 12 percent, respectively.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of September 2024, it carried a total of around 4.4 billion barrels (about 583 million tonnes) of crude oil loaded on 5,786 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, other SOCAR volumes produced in Azerbaijan) 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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