BTC operating and capital expenditures drop about 23% 

Energy
  • 03 November, 2022
  • 11:29
BTC operating and capital expenditures drop about 23% 

In the first three quarters of 2022, Baku-Tbilisi-Ceyhan (BTC) spent more than $74 million in operating expenditure and about $17 million in capital expenditure, down $22 million (22.9%) and $5 million (22.7%), respectively, from the previous year, Report informs, citing BP-Azerbaijan.

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 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%).