Industry and Energy

Home page

Industry and Energy

Operating expenditure on BTC declines $37M, capital expenditure increases $1M

21 February 2017 13:07 (UTC +04:00)

According to BP-Azerbaijan, 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 2016 it carried a total of about 2.61 billion barrels (around 349 million tonnes) of crude oil loaded on 3,425 tankers and sent to world markets.

In 2016, BTC spent approximately $118 million in operating expenditure and $58 million in capital expenditure.

In 2015, BTC spent approximately $155 million in operating expenditure and $57 million in capital expenditure. So, the operating expenditure declined $37 million, capital expenditure increased $1 million.

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).