BTC announces 2012-plans

The 2012 plan for Baku-Tbilisi-Ceyhan (BTC) capital expenditures is $55.7 million. In 2011, BTC spent $40.5 million in capital expenditures. BTC’s throughput capacity is currently 1.2 million b/d.

Since June 4, 2006 up to end of 2011, 1,742 tankers were loaded at Ceyhan with a total of about 1342 million barrels (180 million tonnes) of crude oil transported via BTC and sent to world markets.

To date BTC’s highest daily throughput has been 1.044 million barrels per day.

The total volume of oil exported via BTC up to date (up to February 28) is 1385 million barrels (about 185 million tonnes) loaded on 1804 tankers.

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.

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 Hess (2.36%).


/AzerTAc/