BAKU, Azerbaijan, Apr.29
By Leman Zeynalova – Trend:
In the first quarter of 2021, Baku-Tbilisi-Ceyhan (BTC) spent more than $41 million in operating expenditure and more than $6 million in capital expenditure, versus $25 million in operating expenditure and about $3 million in capital expenditure in Q1 2020, Trend reports via BP.
In the first quarter of 2021, around 51 million barrels (more than 6.7 million tonnes) BTC-exported crude oil was lifted at Ceyhan loaded on 70 tankers, as compared to 58 million barrels in Q1 2020.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the first quarter of 2021, it carried a total of 3.62 billion barrels (about 482 million tonnes) of crude oil loaded on 4,729 tankers and sent to world markets.
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%); AzBTC (25.00%); MOL (8.90%); Equinor (8.71%); TPAO (6.53%); Eni (5.00%); Total (5.00%), ITOCHU (3.40%); INPEX (2.50%), ExxonMobil (2.50%) and ONGC (BTC) Limited (2.36%).
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