Operating and capital expenditures on BTC decreased last year

Operating and capital expenditures on BTC decreased last year
  • Clock-gray 11:42
  • calendar-gray 04 February 2021

"In 2020, BTC spent about $111 million in operating expenditure and about $29 million in capital expenditure," APA-Economics reports citing BP report on results of operations in Azerbaijan in 2020.

"Since the 1,768 km BTC pipeline became operational in June 2006 till the end of 2020, it carried a total of 3.57 billion barrels (more than 475 million tonnes) of crude oil loaded on 4,659 tankers and sent to world markets.

In 2020, BTC exported around 211 million barrels (more than 27.8 million tonnes) of crude oil loaded on 278 tankers at Ceyhan.

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," noted in the report.

Emil Ismayilov

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