Baku, Azerbaijan, Nov. 23
By Emil Ismayilov - Trend:
During the first three quarters of 2014, BTC spent $152.4 million in operating expenditure and $84.3 million in capital expenditure compared to $48 million in January-September 2013, BP report on its activity in Azerbaijan as of January-September 2014 says.
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 2.03 billion barrels (272 million tonnes) of crude oil loaded on 2665 tankers and sent to world markets.
During the first nine months of 2014, BTC exported 199 million barrels (26.4 million tonnes) of crude oil loaded on 276 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.