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BTC exports 34 million tonnes of crude oil in 2017

16 February 2018 09:44 (UTC +04:00)

In 2017, BTC spent approximately $133 million in operating expenditure and about $29 million in capital expenditure.

According to BP-Azerbaijan, during 2017, BTC exported around 256 million barrels (about 34 million tonnes) of crude oil loaded on 333 tankers at Ceyhan.

Since the 1,768km BTC pipeline became operational in June 2006 till the end 2017 it carried a total of about 2.87 billion barrels (about 383 million tonnes) of crude oil loaded on 3,758 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 crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan and Kazakhstan.

The BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25.00 per cent); Chevron (8.90 per cent); Statoil (8.71 per cent); TPAO (6.53 per cent); Eni (5.00 per cent); Total (5.00 per cent), ITOCHU (3.40 per cent); INPEX (2.50 per cent), ExxonMobil (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).