Approximately $30 million was spent on operating expenses and $28 million on capital expenditures (a total of $58 million) for the Baku-Tbilisi-Ceyhan (BTC) oil pipeline during the first quarter of this year, APA-Economics reports, citing BP’s report on its activities in Azerbaijan for the first quarter of 2026.
According to the report, since the 1,768-km-long BTC pipeline was commissioned in June 2006 through the end of the first quarter of 2026, a total of approximately 626 million tons (more than 4.7 billion barrels) of crude oil have been transported via the pipeline and loaded onto 6,210 tankers at Ceyhan for shipment to global markets.
“During the first quarter of this year, approximately 6 million tons (about 49 million barrels) of crude oil and condensate exported via BTC were loaded onto 65 tankers at the Ceyhan terminal and dispatched,” the report notes.
Currently, the BTC pipeline mainly transports oil from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) and Shah Deniz condensate. In addition, other regional crude oil and condensate volumes from the Caspian (Kazakhstan, Turkmenistan, and other volumes produced by SOCAR in Azerbaijan) are also transported via BTC.
