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BTC capital expenditures are expected at $97 million this year

07 August 2013 10:12 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. During the first half of 2013, BTC spent over $26 million in capital expenditures. For the full year BTC capital expenditures are expected to be $97 million.

BTC’s throughput capacity is currently 1.2 million b/d.

Since 4 June 2006 up to the end of the first half of 2013, 2,227 tankers were loaded at Ceyhan with a total of about 1,715 million barrels (229 million tonnes) of crude oil transported via BTC and sent to world markets.

During the first half BTC exported about 127 million barrels (about 17 million tonnes) of crude oil loaded on 166 tankers at Ceyhan.

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.

Note that, 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 ONGC (BTC) Limited (2.36%).