Azerbaijani President Ilham Aiyev said that the Azerbaijani side is not opposed to purchase of share of the Italian Snam S.p.A. group in the trans-Adriatic gas pipeline (TAP). Reuters reported that Ilham Aliyev said yesterday while answering questions of journalists at the International Exhibition Milan Expo.
“Why not? If other shareholders are going to sell their share, I do not see any problem here,” said President.
President Ilham Aliyev added that construction of the TAP will be completed in 2020.
Earlier Executive Director of the company Carlo Malakarne said in his intreview to Reuters that since June 2015 the company has started the evaluation works to buy 20% share in TAP.
TAP shareholders include BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagas (16%) and AXPO (5%). –0—
Economics
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