In 2012 total volume of capital outlays within the framework of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline totaled $64 million, reported BP-Azerbaijan company. The capital costs for BTC increased by 58% against 2011.
According to this year’s plans, capital outlays for the BTC pipeline maintenance will total $97 million, up 55.6% against 2012.
However, BP-Azerbaijan does not explain why the capital outlays for BTC grow so fast, because since 2011 oil transportation via the pipeline has been going down.
BP-Azerbaijan reported that 2061 tankers were loaded in Ceyhan port since putting of the BTC oil pipeline into operation on June 4, 2006 till the end of 2012, which means that 213 million tons of oil was delivered to the world markets via BTC.
Carrying capacity of the BTC oil pipeline is 1.2 million barrels of oil a day. At present oil from the Azeri-Chirag-Guneshli bloc of fields and condensate from the Shah-Deniz field is pumped via the BTC oil pipeline. Beginning from June 2010 Turkmenistan oil is also pumped via the pipeline.
* BTC oil pipeline is 1768 km long, of which 443 km are located 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 partners of the project are BP (30.1%), SOCAR (25%), 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 Amerada Hess (2.36%).—0---
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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