Azerbaijan reduces oil exports via BTC
  • ECONOMY

  • 17:29 13 May 2019

Azerbaijan reduces oil exports via BTC

In the first quarter, Baku-Tbilisi-Ceyhan (BTC) spent approximately $25 million in operating expenditure and about $6 million in capital expenditure, BP told ONA.

During the first quarter of the year, BTC exported around 61 million barrels (over 8 million tons) of crude oil loaded on 74 tankers at Ceyhan.

Since the 1,768-km BTC pipeline became operational in June 2006 until the end of the first quarter of 2019, it carried a total of about 3.2 billion barrels (around 425 million tons) of crude oil loaded on 4,159 tankers and sent to world markets.

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

Huseyn Veliyev

Tags: Azerbaijan oil exports BTC economy

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