BTC exports more than 8 million tonnes of crude oil

BTC exports more than 8 million tonnes of crude oil
  • Clock-gray 10:58
  • calendar-gray 17 May 2018

In the first quarter of 2018, BTC exported around 63 million barrels (about 8.3 million tonnes) of crude oil loaded on 81 tankers at Ceyhan, BP-Azerbaijan reported.

 

Since the 1,768km BTC pipeline became operational in June 2006 till the end of the first quarter of 2018, it carried a total of about 2.93 billion barrels (around 391 million tonnes) of crude oil loaded on 3,839 tankers and sent to world markets.

 

In the first quarter of 2018, BTC spent approximately $30 million in operating expenditure and about $5 million in capital expenditure.

 

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); 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).

 

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