BTC exports 26.4m tons of oil in first nine months of 2014

(Baku Daily) - During the first three quarters of 2014, BTC spent $152.4 million in operating expenditure and $84.3 million in capital expenditure.  For the full year, BTC operating expenditure is expected to be approximately $230 million and capital expenditure about $119 million, the BP office in Baku said.

BTC’s throughput capacity is currently 1.2 million b/d.

The 1,768km BTC pipeline became operational in June 2006. Since that time BTC has carried a total of about 2.03 billion barrels (272 million tonnes) of crude oil loaded on 2665 tankers and sent to world markets.  

In  August, BTC celebrated the loading  of the 2 billionth barrel of oil at the Ceyhan terminal in Turkey. 

During the first nine months of 2014, BTC exported 199 million barrels (26.4 million tonnes) of crude oil loaded on 276 tankers at Ceyhan.

The BTC pipeline currently carries mainly ACG oil and Shah Deniz condensate from Azerbaijan. In addition, crude oil from Turkmenistan continues to be transported via BTC. Starting October 2013, we have resumed transportation of some volumes of Tengiz crude oil through the BTC pipeline. In addition, in February 2014, the direction of flow through the SOCAR-operated Northern Route Export Pipeline (NREP) was successfully reversed.  This was a result of a collaborative effort by BP and SOCAR to activate some facilities along NREP. Commercial agreements were finalised which allowed NREP volumes to be exported via BTC.