BAKU, Azerbaijan, February 12. In 2023, Baku-Tbilisi-Ceyhan (BTC) Co. spent about $120 million in operating expenditure and $46 million in capital expenditure, as compared to $100 million and $27 million in 2022, Trend reports via bp.
As such opex and capex rose by 20 percent and 70.4 percent year-on-year, respectively.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of 2023, it carried a total of about 4.2 billion barrels (about 561 million tonnes) of crude oil loaded on 5,557 tankers and sent to world markets. The 4 billion barrels of oil export milestone was achieved on 18 January 2023.
In 2023, 227 million barrels (about 30 million tonnes) of BTC-exported crude oil was lifted at Ceyhan and loaded on 313 tankers, as compared to 224 million barrels (about 30 million tonnes) in 2022, showing a 1.3 percent increase.
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, Turkmenistan, SOCAR non-ACG volumes) 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%).
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