176 mln USD spent last year on BTC project

176 mln USD spent last year on BTC project During the reporting period, capital expenditures increased by 1.7%
Energy
1002
February 21, 2017 18:39
176 mln USD  spent last year on BTC project

Baku. 21 February. REPORT.AZ/ In 2016, BTC spent approximately $118 million in operating expenditure and $58 million in capital expenditure.

Report informs citing the BP-Azerbaijan, since the 1,768km BTC pipeline became operational in June 2006 till the end of 2016 it carried a total of about 2.61 billion barrels (around 349 million tonnes) of crude oil loaded on 3,425 tankers and sent to world markets.

In 2016, BTC exported around 251 million barrels (about 33.5 million tonnes) of crude oil loaded on 313 tankers at Ceyhan.

The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other crude oil and condensate continue to be transported via BTC, including volumes from Turkmenistan andKazakhstan.

Notably, the BTC pipeline starts from the Sangachal terminal, near Baku. The daily capacity of the pipeline is 1.2 million barrels of oil. The pipeline was put into operation in 2006. Currently, through the BTC from Azerbaijan is mainly transported oil from "Azeri-Chirag-Guneshli" and condensate from the "Shah Deniz".

The BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25.00 per cent); Chevron (8.90 per cent); Statoil (8.71 per cent); TPAO (6.53 per cent); ENI (5.00 per cent); Total (5.00 per cent), ITOCHU (3.40 per cent); INPEX (2.50 per cent), CIECO (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).

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