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BTC exports 9 mln tonnes of crude oil in Q1

24 May 2016 12:10 (UTC +04:00)

Baku – APA-Economics. In the first quarter of 2016, BTC exported around 67 million barrels (about 9 million tonnes) of crude oil loaded on 82 tankers at Ceyhan, APA-Economics reports citing to BP-Azerbaijan.

Since the 1,768km BTC pipeline became operational in June 2006 it has carried a total of about 2.43 billion barrels (around 324 million tonnes) of crude oil loaded on 3,194 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 quarter of 2016, BTC spent approximately $29 million in operating expenditure and $11 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).