Baku-Tbilisi-Ceyhan reduces crude oil exports
BAKU, Azerbaijan, May 12
By Leman Zeynalova – Trend:
In the first quarter of 2020, Baku-Tbilisi-Ceyhan (BTC) exported more than 58 million barrels (about 7.7 million tonnes) of crude oil loaded on 76 tankers at Ceyhan, Trend reports with reference to BP Azerbaijan.
This is while during the first quarter of 2019, BTC exported around 61 million barrels (over 8 million tonnes) of crude oil loaded on 74 tankers at Ceyhan.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the first quarter of 2020, it carried a total of 3.41 billion barrels (more than 455 million tonnes) of crude oil loaded on 4,457 tankers and sent to world markets.
In the first quarter of 2020, BTC spent approximately $25 million in operating expenditure and about $3 million in capital expenditure.
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 percent); AzBTC (25.00 percent); MOL (replaced Chevron as of 16 April 2020 (8.90 percent); Equinor (8.71 percent); TPAO (6.53 percent); Eni (5.00 percent); Total (5.00 percent), ITOCHU (3.40 percent); INPEX (2.50 percent), ExxonMobil (2.50 percent) and ONGC (BTC) Limited (2.36 percent).
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