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BTC exports about 17 million tonnes of crude oil in H1

01 August 2018 14:36 (UTC +04:00)

In the first half of 2018, BTC spent approximately $61 million in operating expenditure and about $13 million in capital expenditure, BP-Azerbaijan reported.

Since the 1,768km BTC pipeline became operational in June 2006 till the end of the first half of 2018, it carried a total of about 2.99 billion barrels (more than 399 million tonnes) of crude oil loaded on 3,916 tankers and sent to world markets.

In the first half of 2018, BTC exported more than 125 million barrels (about 17 million tonnes) of crude oil loaded on 158 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.

The BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25.00 per cent); Chevron (8.90 per cent); Equinor (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).