Transportation of oil and condensate via BTC rises by over 4%

In the first three quarters of the year, 171 million barrels (about 23 million tonnes) of BTC-exported crude oil (+1 million tonnes, or 4.5%) were lifted at Ceyhan and loaded on 238 tankers, according to the business update issued by bp Exploration (Caspian Sea) Limited on the results of the third quarter of 2023, Report informs.

Since the 1,768 km BTC pipeline became operational in June 2006 till the end of September 2023, it carried a total of about 4.2 billion barrels (about 554 million tonnes) of crude oil loaded on 5,482 tankers and sent to world markets. The 4 billion barrels of oil export milestone was achieved on January 18, 2023.

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 and Turkmenistan) 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%).