Capital costs of Baku-Tbilisi-Ceyhan project significantly increased

During six months in 2015 the capital costs of the BTC Co company (operator of construction and operation of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline) in the BTC project increased by 43.5% up to $88 million against the same period in 2014, reads the report of BP-Azerbaijan company.

During this period the pipeline operation costs reached $73 million, while capital outlays - $15 million.

According to BP, since launching of the BTC oil pipeline on June 4, 2006 till July 1, 2015 298 million tons of oil was exported to the world markets via this pipeline and 2,940 tankers have been shipped from the Ceyhan terminal.

Carrying capacity of the BTC oil pipeline is 1.2 million barrels of oil a day.

During 6 months this year 18 million tons of oil was pumped via the pipeline and 188 tankers have been shipped from the Ceyhan terminal.

The BTC oil pipeline is 1768 km long, of which 443 km lies in Azerbaijan, 248 km in Georgia and 1077 km in Turkey. Carrying capacity of the pipeline is 1.2 million barrels of oil  a day.

The project partners include BP (30.1%); SOCAR (25.00%); Chevron (8.90%); Statoil (8.71%); TPAO (6.53%); ENI (5.00%); Itochu (3.40%); ConocoPhillips (2.50%); INPEX (2.50%), Total (5.00%) and ONGC (2.36%). –0--

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