BTC increases operating expenditure by 44% 

In the first half of 2021, Baku-Tbilisi-Ceyhan (BTC) spent more than $69 million in operating expenditure and more than $12 million in capital expenditure, respectively, up 44% and down 14% from the previous year, BP-Azerbaijan said in a statement, Report informs.

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%).