BP calls amount of capital costs for Baku-Tbilisi-Erzurum
Azerbaijan, Baku, May 21 /Trend E.Ismayilov/
The amount of capital expenditure on Baku-Tbilisi-Ceyhan pipeline amounted to 7.1 million in the first quarter of this year, BP said. Capital expenditures on the pipeline this year are projected at $61.7 million.
So far, the maximum rate of pumping through the pipeline amounted to 1.044 million barrels per day.
According to the report, the pipeline has transported 193 million tons of oil to date, which have been loaded into 1870 tankers.
The total length of BТС is 1.768 kilometers including the 443 kilometer section running via Azerbaijan, the 249 kilometer section via Georgia and the 1.076 kilometer via Turkey.
Construction of the pipeline began in April 2003 and it was filled with oil on May 18, 2005.
The shareholders of BTC are BP (30.1 percent), AzBTC (25 percent), Chevron (8.90 percent), Statoil (8.71 percent), TRAO (6.53 percent), Eni (5 percent), Total (5 percent), Itochu (3.40 percent), Inpex (2.50 percent), ConocoPhilips (2.50 percent) and Hess (2.36 percent).
In the first quarter capital expenditures on South Caucasus Pipeline (Baku-Tbilisi-Erzurum) amounted to $1 million. Total capital expenditures planned for this year on the pipeline is $13.1 million, the report said.
In January-March, the average capacity of a pipeline amounted to 15 million cubic meters, or 89,000 barrels of oil equivalent.
The range of the Baku-Tbilisi-Erzurum (South Caucasian gas pipeline) is more than 700km. The gas produced from the Shah Deniz field in the Azerbaijani sector of the Capian Sea is transported via the pipeline. The gas is supplied Georgia and Turkey. Azerbaijan also appears as the buyer of gas.