The Baku-Tbilisi-Ceyhan is being planned and built by the BTC Pipeline Company, a consortium led and operated by British oil major BP. Shares in the consortium are distributed as follows:

State Oil Company of Azerbaijan (SOCAR) – 25%

Unocal (US) – 8.9%

Statoil (Norway) – 8.71%

Turkish Petroleum (TPAO) – 6.87%

ENI (Italy) – 5%

TotalFinaElf (France) – 5%

Itochu (Japan) – 3.4%

ConocoPhillips (US) – 2.5%

Delta Hess (joint venture of Delta Oil (Saudi Arabia) with Amerada Hess (US)) – 2.36%

The related South Caucasus gas pipeline (which would run alongside the Baku-Tbilisi-Ceyhan oil pipeline as far as northern Turkey), and the Azeri-Chirag-Guneshli oilfields and Shah Deniz gasfield which would feed the pipelines, are also being planned by consortia led and operated by BP.

Partners:

BP – 25.5%, operator

Statoil – 25.5%

State Oil Company of Azerbaijan (SOCAR) – 10%

TotalFinaElf – 10%

LUKAgip (joint venture of Lukoil (Russia) with Agip (Italy)) – 10%

OIEC (Iran) – 10%

Turkish Petroleum (TPAO) – 9%

They are controlled by the Azerbaijan International Operating Company (AIOC), comprising:

BP – 34.1%, operator

Unocal – 10.3%

State Oil Company of Azerbaijan (SOCAR) – 10%

Lukoil (Russia) – 10%

Statoil – 8.6%

ExxonMobil (US) – 8%

TPAO – 6.8%

Pennzoil (US) – 5.6%

Itochu – 3.9%

Delta Hess – 2.7%

(Not all these companies support the BTC pipeline route).

The Shah Deniz consortium is the same as that which controls the SCP:

BP – 25.5%, operator

Statoil – 25.5%

State Oil Company of Azerbaijan (SOCAR) – 10%

TotalFinaElf – 10%

LUKAgip – 10%

OIEC – 10%

Turkish Petroleum (TPAO) – 9%