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BTC exports 17.3 million tonnes of crude oil in first half

22 August 2016 11:56 (UTC +04:00)

Baku – APA-Economics. In the first half of 2016, BTC exported around 130 million barrels (about 17.3 million tonnes) of crude oil loaded on 166 tankers at Ceyhan.

BP-Azerbaijan told APA-Economics that since the 1,768km BTC pipeline became operational in June 2006 it has carried a total of about 2.49 billion barrels (around 332 million tonnes) of crude oil loaded on 3,278 tankers and sent to world markets.

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

During the first half of 2016, BTC spent approximately $61 million in operating expenditure and $26 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), CIECO (2.50 per cent) and ONGC (BTC) Limited(2.36 per cent).