BP, operator of the Shah Deniz project, has become an equal shareholder of the trans-Anadolu pipeline (TANAP).
A source from TANAP A.S. company told Turan that this happened on April 16, 2015.
“Prior to that BP company has passed all the stages and signed all necessary juridical documents to join the project,” said the same source.
On March 12, 2015 TANAP A.S. and BP signed the shareholder agreement in Ankara, according to which British company has obtained the right to become TANAP shareholder.
At present BP already has 12% share in the gas pipeline project. Its partners are SOCAR with 58% share and Turkish BOTAS with 30% share.
Cost of TANAP project with the initial carrying capacity of 16 billion cub.m. is estimated at about $12 billion.—0—
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review