Name: Baku-Tbilisi-Ceyhan (BTC)
Brand: Wood Mackenzie
SKU: 36021
Price: 5280 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 16 April 2025

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Report summary

The BP-operated Baku-Tbilisi-Ceyhan (BTC) oil pipeline is the key export route for Azerbaijan's liquids. It was commissioned in 2006 and connects the Caspian region directly to the Mediterranean Sea, running from Azerbaijan to Turkey via Georgia.The BTC was primarily built to export crude from Azerbaijan's super-giant BP-led Azeri Chirag Guneshli (ACG) oil field, but also handles volumes from other projects. Its development was of great political and strategic importance, as the ...

Summary
Key Issues
Overview
Operator
Participation
- Project initiation (pre-2001)
- Historical changes
- Future changes
Longer-term ownership structure
Overview
- Pipeline
- Facilities
Initial construction project
- Key dates
- Key contracts
Capacity
- Current
- Previous
Throughput
- Overview
- Recent data
Azerbaijani sources of supply
- Azeri Chirag Guneshli (ACG)
- Shah Deniz
Current transit volumes
- Turkmenistan
- Kazakhstan
13 more item(s)...

Tables and charts

This report includes the following images and tables:

Baku-Tbilisi-Ceyhan (BTC) pipeline mapOwnershipBTC route and pump stations

BTC throughput profileTransport Cash Flow US$Transport PV Table US$Transport Summary Table US$Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - UndiscountedRemaining Revenue Distribution (Discounted at 10% from 01/01/2026)Capital Costs Pre-2016 to 2024 (US$ million)