BAKU, Azerbaijan, Feb.10
By Leman Zeynalova – Trend:
In 2021, the Baku-Tbilisi-Ceyhan (BTC) spent more than $119 million in operating expenditure and more than $34 million in capital expenditure, Trend reports with reference to bp.
This is while in 2020, these figures stood at $111 million in operating expenditure and about $29 million in capital expenditure. As such, bp’s opex and capex rose by 7.2 percent and 17.2 percent, respectively.
On 12 December 2021, BTC reached a significant milestone by achieving 500 million tonnes of oil export in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan.
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%); TotalEnergies (5.00%), ITOCHU (3.40%); INPEX (2.50%), ExxonMobil (2.50%) and ONGC (BTC) Limited (2.36%).
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