Baku: The Baku-Tbilisi-Ceyhan (BTC) pipeline has transported more than 4.7 billion barrels of oil to global markets since its commissioning in June 2006 until the end of June 2026. The 1,768 km pipeline, a significant conduit for crude oil, has facilitated the loading of oil onto 6,276 tankers during this period.

According to Azerbaijan State News Agency, BTC Co. spent approximately $75 million in operating expenditure and $57 million in capital expenditure in the first half of 2026. During this time, about 97 million barrels of BTC-exported crude oil, equivalent to 13 million tonnes, were lifted at Ceyhan and loaded onto 131 tankers.

The BTC pipeline primarily transports ACG crude oil and Shah Deniz condensate from Azerbaijan. In addition, it carries other volumes of Caspian regional crude oil and condensate, including those from Kazakhstan, Turkmenistan, and other SOCAR-produced volumes in Azerbaijan.

Effective from July 1, 2026, the operatorship of the BTC pipeline and the common activities associated with both the BTC and South Caucasus Pipeline systems were transferred from BP Exploration (Caspian Sea) Limited to SOCAR Midstream Operations LLC, a subsidiary wholly owned by SOCAR.

The shareholders of the Baku-Tbilisi-Ceyhan Pipeline Company (BTC Co.) include SOCAR with 32.97%, bp with 30.10%, MOL with 8.90%, TPAO with 6.53%, Eni with 5.00%, TotalEnergies with 5.00%, ITOCHU with 3.40%, ONGC Videsh with 3.10%, ExxonMobil with 2.50%, and INPEX with 2.50%.