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BTC exports 9 mln tonnes of crude oil in first quarter

14 May 2015 08:45 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. BTC’s throughput capacity is currently 1.2 million barrels per day.

In the first quarter, BTC exported about 69 million barrels (9 million tonnes) of crude oil loaded on 96 tankers at Ceyhan.

The 1,768km BTC pipeline became operational in June 2006. Since that time BTC has carried a total of about 2.2 billion barrels (289 million tonnes) of crude oil loaded on about 2,850 tankers and sent to world markets.

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

In the first quarter, BTC spent approximately $44 million in operating expenditure and $4 million in capital expenditure.

The BTC Co. shareholders are: BP (30.1 per cent); AzBTC (25.00 per cent); Chevron (8.90 per cent); Statoil (8.71 per cent); TPAO (6.53 per cent); ENI (5.00 per cent); Total (5.00 per cent), ITOCHU (3.40 per cent); INPEX (2.50 per cent), ConocoPhillips (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).