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BTC operating expenditures decline by $6M

10 May 2017 10:58 (UTC +04:00)

In the first quarter of 2017, BTC exported 61.7 million barrels (about 8.3 million tonnes) of crude oil loaded on 77 tankers at Ceyhan, BP-Azerbaijan reported.

In the first quarter of 2017, BTC spent approximately $29 million in operating expenditure and $5 million in capital expenditure. In the first quarter of 2016, tthese figures made up approximately $29 million in operating expenditure and $11 million in capital expenditure.

In the first quarter of 2016, BTC exported 67 million barrels (about 9 million tonnes) of crude oil.

The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan and Kazakhstan.

Since the 1,768km BTC pipeline became operational in June 2006 till the end of March2017 it carried a total of about 2.67 billion barrels (around 357 million tonnes) of crude oil loaded on 3,502 tankers and sent to world markets.

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), CIECO (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).