Asset report

Baku-Tbilisi-Ceyhan (BTC)

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Report summary

The 1,760-kilometre Baku-Tbilisi-Ceyhan (BTC) oil pipeline connects the Caspian region directly to the Mediterranean Sea, running through Azerbaijan, Georgia and Turkey. It was primarily built to export crude from the super-giant Azeri Chirag Guneshli (ACG) field in Azerbaijan, but also handles volumes from other fields. It is of great political, strategic and environmental significance as it bypasses the Bosporus Straits and has helped to cement relations between the transit countries.The ...

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Table of contents

Tables and charts

This report includes 15 images and tables including:


  • Baku-Tbilisi-Ceyhan (BTC) pipeline map
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Development: Image 1
  • BTC throughput profile


  • Key facts: Table 1
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Participation: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Throughput: Table 1

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