Baku, Azerbaijan, Feb.13
By Leman Zeynalova – Trend:
Baku-Tbilisi- Ceyhan (BTC) exported about 255 million barrels (around 34 million tonnes) of crude oil loaded on 327 tankers at Ceyhan in 2018, Trend reports citing BP Azerbaijan report on Business Update, 2018 full year results.
This is while during 2017, BTC exported around 256 million barrels (about 34 million tonnes) of crude oil loaded on 333 tankers at Ceyhan.
The report shows that in 2018, BTC spent approximately $116 million in operating expenditure and about $41 million in capital expenditure.
“Since the 1,768km BTC pipeline became operational in June 2006 till the end of 2018, it carried a total of about 3.12 billion barrels (around 417 million tonnes) of crude oil loaded on 4,085 tankers and sent to world markets,” said BP.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan, Russia and Kazakhstan.
The BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25.00 per cent); Chevron (8.90 per cent); Equinor (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), ExxonMobil (2.50 per cent) and ONGC (BTC) Limited (2.36 per cent).
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