BTC's capital expenditures surged by nearly 70% in 1H2025

In the first half of 2025, the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) spent around $60 million in operating expenditure and $30 million in capital expenditure, Report informs, citing BP-Azerbaijan.

Compared to the corresponding period in 2024, BTC's operating expenditures dropped by $10.5 million or 14.9%), while its capital expenditures grew by $12.3 million or 69.5% higher.

Since the 1,768 km BTC pipeline became operational in June 2006 till the end of June 2025, it carried a total of around 4.6 billion barrels (about 605 million tonnes) of crude oil loaded on 6,007 tankers and sent to world markets.

In the first half of 2025, about 106 million barrels (13 million tonnes) of BTC-exported crude oil was lifted at Ceyhan and loaded on 145 tankers.

In January-June, the volume of transportation via BTC decreased by 1 million tons or 7.1% year-on-year.

The Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) shareholders are: bp (30.10%), SOCAR (32.97%), MOL (8.90%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU (3.40%), ONGC Videsh (3.10%), ExxonMobil (2.50%) and INPEX (2.50%).