In 2019, Baku-Tbilisi-Ceyhan (BTC) spent approximately $138 million in operating expenditure and about $44 million in capital expenditure, respectively, up $22 million or 19% and $3 million or 7.32% from the previous year, BP-Azerbaijan told Report.
In 2019, BTC exported around 233 million barrels (about 31 million tonnes) of crude oil loaded onto 296 tankers at Ceyhan.
Since the 1,768 km BTC pipeline became operational in June 2006 until the end of 2019, it carried a total of more than 3.35 billion barrels (more than 447 million tonnes) of crude oil loaded on 4,381 tankers and sent to world markets.
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%); Chevron (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%).