BAKU, Azerbaijan, Aug.3. In the first half of 2023, 114 million barrels (more than 15 million tonnes) of Baku-Tbilisi-Ceyhan-exported crude oil was lifted at Ceyhan and loaded on 158 tankers, as compared to 107 million barrels in 1H2022, Trend reports with reference to bp.
As such, the volume of supplies via BTC rose by 6.5 percent 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.
In the first half of 2023, BTC Co. spent about $59 million in operating expenditure and $18 million in capital expenditure.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of Caspian regional crude oil and condensate (Kazakhstan and Turkmenistan) continue to be transported via BTC.
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%).
Follow the author on Twitter: @Lyaman_Zeyn