Azerbaijan’s revenues from operation of main oil pipelines in 2023 revealed

Azerbaijan’s revenues from the operation of main oil pipelines, including Baku-Tbilisi-Ceyhan (BTC), in the fist quarter of 2024 amounted to 263.92 million manats ($155.2 million at the current exchange rate), Report informs referring to data from the State Statistics Committee.

Compared to January-March of 2023, these revenues decreased by 1.3%.

According to statistical data, in the first quarter of 2023, losses in the network of main oil pipelines amounted to 900 tons compared to 700 tons in 2023, which is an increase of 28.6%.

In general, 9.66 million tons of oil were transported through main oil pipelines in the reporting period, which is 1.7% more than in 2023. At the same time, about 75.2% of the total volume of pumping was transported through the Baku-Tbilisi-Ceyhan pipeline.