BTC capital expenditures to hit $66 million in 2011

Oil&Gas Materials 17 May 2011 18:28

Azerbaijan, Baku, May 17 / Trend E. Ismayilov /

The 2011 plan for BTC capital expenditures is $65.9 million compared to $34.3 million in 2010, BP's report said.

During the first quarter of 2011 BTC spent $7.3 million in capital expenditures.
The total volume of oil exported via BTC during the first quarter of 2011 was about 68.7 million barrels (about 9.2 million tonnes).

BTC's throughput capacity is currently 1.2 million b/d.
The BТС's total length is 1.768 kilometers including a 443-kilometer section running via Azerbaijan, a 249-kilometer section traversing Georgia and a 1.076-kilometer section passing through Turkey. The pipeline's construction began in April 2003. First oil was marked May 18, 2005.

BTC Co. shareholders include: BP (30.1 percent); AzBTC (25 percent); Chevron (8.90 percent); Statoil Hydro (8.71 percent); ТРАО (6.53 percent); Eni (5 percent); Total (5 percent); Itochu (3.40 percent); Inpex (2.50 percent); ConocoPhillips (2.50 percent) and Amerada Hess (2.36 percent).