BAKU, Azerbaijan, Aug.4. In the first half of
2022, Baku-Tbilisi-Ceyhan (BTC) spent about $49 million in
operating expenditure and about $9 million in capital expenditure,
as compared to $69 million in operating expenditure and more than
$12 million in capital expenditure in H1 2021, Trend reports via
bp.
As such the opex and capex on BTC dropped by nearly 29 percent and
25 percent, respectively, year-on-year.
On 23 March 2022, BTC reached a significant milestone by loading the 5000th tanker of oil transported from the Sangachal terminal near Baku across Azerbaijan, Georgia and Türkiye to Ceyhan.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the second quarter of 2022, it carried a total of 3.87 billion barrels (more than 516 million tonnes) of crude oil loaded on 5,087 tankers and sent to world markets.
BTC Co. shareholders are: bp (30.1%), SOCAR (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 ONGCVidesh (2.36%).
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