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BTC capital expenditures to make $62 mln this year

21 May 2012 11:08 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. In the first quarter of 2012, Baku-Tbilisi-Ceyhan (BTC) spent $7.1 million in capital expenditures, BP-Azerbaijan reported. The 2012 plan for BTC capital expenditures is $61.7 million.

BTCâ€™s throughput capacity is currently 1.2 million b/d. Note that, since June 4, 2006 up to end of first quarter of 2012, 1,827 tankers were loaded at Ceyhan with a total of about 1,408 million barrels (188 million tonnes) of crude oil transported via BTC and sent to world markets.

To date BTCâ€™s highest daily throughput has been 1.044 million barrels per day.

The total volume of oil exported via BTC to date is about 1,440 million barrels (about 193 million tonnes) loaded on 1,870 tankers.

The BTC pipeline currently carries mainly ACG oil and Shah Deniz condensate from Azerbaijan. In addition, crude oil from Turkmenistan has and continues to be transported.