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BP announces amount of investments in BTC

29 February 2016 12:31 (UTC +04:00)

Baku - APA-Economics. During 2015, BTC spent approximately $155 million in operating expenditure and $57 million in capital expenditure.

BP-Azerbaijan told APA-Economics that since the 1,768km BTC pipeline became operational in June 2006 it has carried a total of about 2.36 billion barrels (around 315 million tonnes) of crude oil loaded on 3,112 tankers and sent to world markets.

In 2015, BTC exported 262.8 million barrels (35 million tonnes) of crude oil loaded on 361 tankers at Ceyhan.

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

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), CIECO (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).