In the first three quarters of 2024, Baku-Tbilisi-Ceyhan (BTC) Co. spent $104 million in operating expenditure and $28 million in capital expenditure, APA-Economics reports citing BP’s third-quarter report on its operations in Azerbaijan for the current year.
According to the data, compared to the corresponding period of last year, operating expenditure for BTC increased by 21%, and capital expenditure increased by 12%.
The report indicates that since the 1,768 km BTC pipeline became operational in June 2006 till the end of September 2024, it carried a total of around 4.4 billion barrels (about 583 million tonnes) of crude oil loaded on 5,786 tankers and sent to world markets.
"In the first three quarters of the year, about 165 million barrels (22 million tonnes) of BTC-exported crude oil was lifted at Ceyhan and loaded on 229 tankers," the BP report states.
The BTC pipeline currently carries mainly ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, other volumes of Caspian regional crude oil and condensate (Kazakhstan, Turkmenistan, other SOCAR volumes produced in Azerbaijan) continue to be transported via BTC.
