BTC spent approximately $25 million in operating expenditure in first quarter of this year

BTC spent approximately $25 million in operating expenditure in first quarter of this year
  • Clock-gray 11:55
  • calendar-gray 12 May 2020

In the first quarter of 2020, Baku-Tbilisi-Ceyhan (BTC) spent approximately $25 million in operating expenditure and it is equal to the relevant indicator of 2019, APA-Economics reports citing BP’s (operator of project) report regarding annual results of 2019 on its operations in Azerbaijan.

According to the information, BTC spent about $3 million in capital expenditure (2 times less).

According to the report, Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the first quarter of 2020, it carried a total of 3.41 billion barrels (more than 455 million tonnes) of crude oil loaded on 4,457 tankers and sent to world markets.

“In the first quarter, BTC exported about 7.7 million tonnes (more than 58 million barrels) of crude oil loaded on 76 tankers at Ceyhan”, noted in the report.

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.

Emil Ismayilov

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