BAKU, Azerbaijan, Aug.3. In the first half of 2023, the Baku-Tbilisi-Ceyhan (BTC Co). spent about $59 million in operating expenditure and $18 million in capital expenditure, Trend reports via bp.
This is while in 1H2022, the BTC spent about $49 million in operating expenditure and about $9 million in capital expenditure.
As such, the volume of opex and capex on BTC rose by 1.2 times and twofold, respectively year-on-year.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of June 2023, it carried a total of over 4.1 billion barrels (more than 546 million tonnes) of crude oil loaded on 5,402 tankers and sent to world markets. The 4 billion barrels of oil export milestone was achieved on 18 January 2023.
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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