The BTC oil pipeline is the shortest route to transport oil from the Caspian Sea to the Mediterranean.
The total length of one of the longest pipelines in the world is 1768 km; 443 km in Azerbaijan, 249 km in Georgia, and 1,076 km in Turkey.
The diameter of the pipeline ranges from 42 to 46 inches. The pipeline has eight pumping stations (two in Azerbaijan, two in Georgia and four in Turkey).
The pipeline construction costs totaled to about $4 bl.
The BTC pipeline exports oil extracted from the Azeri-Chirag-Gunshli field to Ceyhan.
The owner of the project is International Consortium BTC Co with eleven participating partners. The pipeline is operated by BP and the project was financed by International Financial Corporation and EBRD.
After putting the pipeline into operation, the Georgian state budget received $50 ml as a direct transit fee.
Consortium partners are: BP – 30,1%, AzBTC – 25%, Chevron-8,90%, Statoil – 8,71%, TPAO – 6,53%, Eni – 5%, Total – 5%, Itochu – 3,4%, INPEX – 2,5%, ConocoPhillips – 2,5%, Amerada Hess – 2,36%.