15:31 - 12.02.2026

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February 12, Fineko/abc.az. BTC Co's operating expenses for the maintenance of the Baku–Tbilisi–Ceyhan (BTC) oil pipeline in 2025 amounted to $131 million, with capital expenditures of approx. $98 million.

ABC.AZ was informed about this at bp.

Compared with 2024, operating expenses on BTC decreased by $15 million or 10.3%, while capital expenditures increased by $54 million or 2.2-fold.

For comparison, in 2024, these figures were $146 million and $44 million, respectively. Thus, in annual terms, operating expenses declined by 10.3%, while capital expenditures grew 2.2-fold.

Currently, the BTC pipeline mainly transports Azerbaijani ACG oil and Shah Deniz condensate. In addition, other regional volumes of crude oil and condensate from the Caspian Sea (Kazakhstan, Turkmenistan, as well as other volumes produced by SOCAR in Azerbaijan) are pumped through BTC.

In 2025, nearly 27 million tons of crude oil and condensate (approx. 207 million barrels) were exported through BTC. They were loaded onto 283 tankers at the port of Ceyhan and shipped along the route.

BTC Co. shareholders are: bp (30.10%), SOCAR (32.97%), MOL (8.90%), TPAO (6.53%), Eni (5.00%), TotalEnergies (5.00%), Itochu (3.40%), Inpex (2.50%), ExxonMobil (2.50%) and ONGC (BTC) Limited (3.1%).