Baku, Azerbaijan, Aug. 15
By Emil Ismayilov - Trend:
During the first half of 2014, Baku-Tbilisi-Ceyhan (BTC) spent $100 million in operating expenditure and $61.3 million in capital expenditure compared to $26 million in Jan.-June 2013, according to BP report as of Jan.-June 2014.
For the full year, BTC operating expenditure is expected to be approximately $230 million and capital expenditure about $119 million compared to $97 million in 2013.
The BTC pipeline became operational in June 2006. Since that time BTC has carried a total of about 2 billion barrels (263 million tonnes) of crude oil loaded on 2580 tankers and sent to world markets.
During the first half of 2014, BTC exported approximately 134 million barrels (17.8 million tonnes) of crude oil loaded on 185 tankers at Ceyhan.
The total length of the BТС is 1,768 kilometers including a 443 kilometer long section running through Azerbaijan, a 249 kilometer long section in Georgia and a 1,076 kilometer long section in Turkey. The construction of the pipeline started in April 2003. It was filled with oil on May 18, 2005.
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), ConocoPhillips (2.50 per cent) and ONGC (BTC) Limited (2.36 per cent).
BTC's throughput capacity is currently 1.2 million b/d.