In the first quarter of 2021, Baku-Tbilisi-Ceyhan (BTC) spent more than $41 million in operating expenditure and more than $6 million in capital expenditure, BP-Azerbaijan told Report.
In comparison to a year ago, the operating expenditure increased by $16 million or 64% and the capital expenditure by $3 million or twofold.
Since the 1,768 km BTC pipeline became operational in June 2006 till the end of the first quarter of 2021, it carried a total of 3.62 billion barrels (about 482 million tonnes) of crude oil loaded on 4,729 tankers and sent to world markets.
In the first quarter, around 51 million barrels (more than 6.7 million tonnes) BTC-exported crude oil was lifted at Ceyhan loaded on 70 tankers, down 13% in annual comparison.
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%); Total (5.00%), ITOCHU (3.40%); INPEX (2.50%), ExxonMobil (2.50%) and ONGC (BTC) Limited (2.36%).