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Capital expenditure on Baku-Ceyhan oil pipeline decreases by three times

07 March 2011 08:41 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The capital expenditures on Baku-Ceyhan-Tbilisi pipeline made $ 34.3 mln, in 2010, down by 2.7 times compared to 2009.

BTCâ€™s throughput capacity is currently 1.2 million b/d. Since June 4, 2006 up to the end of February 2011, 1447 tankers were loaded at Ceyhan with a total of about 1129 million barrels (151.2 million tonnes) of crude oil transported via BTC and sent to world markets.

On July 21, 2010 BTC achieved its highest daily throughput (to date) of 1.057 million barrels per day.

The total volume of oil exported via BTC during 2010 was about 286 million barrels (about 38 million tonnes).

The BTC Co. shareholders are: BP (30.1%); AzBTC (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Total (5.00%), Itochu (3.40%); INPEX (2.50%), ConocoPhillips (2.50%) and Hess (2.36%).