In 2023, BTC Co. spent about $120 million in operating expenditures and $46 million in capital expenditures, Report informs, citing bp-Azerbaijan.
During 2023, operating expenditures were $20 million, or 20% more than in 2022.
At the same time, BTC's capital expenditures during this period increased by $19 million, or 70.4%.
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 January 18, 2023.
In 2023, 227 million barrels (about 30 million tonnes) of BTC-exported crude oil were lifted at Ceyhan and loaded on 313 tankers.
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, and 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%).