In the first three quarters of 2024, the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) spent $104 million in operating expenditures and $28 million in capital expenditures.
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 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.
The Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) shareholders are: bp (30.10%), SOCAR (25.00%), MOL (8.90%), Equinor (8.71%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), ITOCHU (3.40%), INPEX (2.50%), ExxonMobil (2.50%) and ONGCVidesh (2.36%).
