BAKU, Azerbaijan, May 20
By Leman Zeynalova - Trend:
During the period from 2010 to 2019, capital expenditures on Baku-Tbilisi-Ceyhan (BTC) oil pipeline varied between $34 million and $138 million, Trend reports with reference to BP data.
During 2010, BTC spent $34.3 million in capital expenditures, rising the figure to $40.5 million in 2011.
The data for 2021 is not available. During 2013, BTC raised capital expenditures to over $75 million, while expecting this figure to rise to about $119 million in 2014.
In fact, in 2014, BTC spent $0.2 billion in operating expenditure and $0.1 billion in capital expenditure.
During 2015, BTC’s operating expenditure was approximately $155 million, while $57 million accounted for capital expenditure.
The operating expenditure went down to approximately $118 million in 2016, with capital expenditure standing at $58 million.
In 2017, BTC saw some recovery in operating expenditure standing at approximately $133 million, while capital expenditure totaled $29 million.
Operating expenditure dropped again in 2018 totaling $116 million and about $41 million accounted for capital expenditure.
In 2019, BTC spent approximately $138 million in operating expenditure and about $44 million in capital expenditure.
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.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. Inaddition, 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).
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