Asset Report
Baku-Tbilisi-Ceyhan (BTC)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Overview
- Operator
-
Participation
- Project initiation (pre-2001)
- Historical changes
- Future changes
- Longer-term ownership structure
-
Development
-
Overview
- Pipeline
- Facilities
-
Initial construction project
- Key dates
- Key contracts
-
Overview
-
Throughput
-
Capacity
- Current
- Previous
-
Throughput
- Overview
- Recent data
-
Azerbaijani sources of supply
- Azeri Chirag Guneshli (ACG)
- Shah Deniz
- Absheron
- Umid
-
Current transit volumes
- Turkmenistan
- Kazakhstan
-
Past transit volumes
- Russia
- Throughput outlook
- Quality bank
- BTC blend
-
Capacity
-
Costs
-
Capital costs
- Historical costs
- Current and future costs
-
Financing
- Initial financing
- 2015 refinancing
- Operating costs
-
Tariff
- Tariff methodology (fixed IRR)
- Tariffs
-
Capital costs
-
Fiscal and regulatory
- Regulatory framework
- Fiscal overview
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Global Economic Model (GEM) file
- Oil price
- Economic analysis
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- Baku-Tbilisi-Ceyhan (BTC) pipeline map
- BTC route and pump stations
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2025
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2025)
- Participation: Table 1
- Throughput: Table 1
- 3 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Georgia upstream summary
Vital transit country for Caspian hydrocarbons - Oil from Azerbaijan and Central Asia crosses the country via the Baku-Tbilisi-Ceyhan ...
$4,080
Asset Report
Absheron (Deep Water)
The giant deepwater Absheron gas-condensate field is located offshore in the Caspian Sea. Work on a US$1.4 billion Early Production ...
$5,280
Asset Report
Sangachal Terminal
The BP-operated Sangachal Terminal is one of the world's largest integrated oil and gas processing complexes. It is located 55 ...
$2,580
