554 mln. tons of oil transported since BTC launched

554 mln. tons of oil transported since BTC launched
# 02 November 2023 13:20 (UTC +04:00)

In the first three quarters of 2023, Baku-Tbilisi-Geyhan (BTC) spent about $86 million in operating expenditure and $25 million in capital expenditure, APA-Economics reports citing a report of BP (project operator) on the results of the first three quarters of 2023 on the operations conducted in Azerbaijan.

Since the 1,768 km BTC pipeline became operational in June 2006 till the end of September 2023, it carried a total of about 4.2 billion barrels (about 554 million tonnes) of crude oil loaded on 5,482 tankers and sent to world markets. The 4 billion barrels of oil export milestone was achieved on 18 January 2023.

In the first three quarters of the year, 171 million barrels (about 23 million tonnes) of BTC-exported crude oil was lifted at Ceyhan and loaded on 238 tankers.

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 (Kazakhstan and Turkmenistan) continue to be transported via BTC.

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THE OPERATION IS BEING PERFORMED