SOCAR President Rovnag Abdullayev said that the proposals were received from the partners of the project "Shah-Deniz" who would like to participate in the construction and operation of the Transanatolian gas pipeline (TANAP).
According to him, SOCAR owns in the project 80%, and 20% - Turkey
state company BOTAS.
"In summer, we said that we wanted to offer some of our share to other companies, retaining 51%. BP, Statoil and Total are willing to participate in this project," said the head of SOCAR.
He said that these companies have already submitted their proposals to the SOCAR,
which wants to distribute the shares as follows: BP and Statoil - 12%, and Total - 5%.
Abdullayev stressed that these are preliminary plans, and so far not any documents have been signed.
Earlier, the local and international media reported that BP wants take in TANAP the second position after SOCAR. The president of BP, Bob Dudley, has made several visits to Ankara and Baku, held a meeting with the leadership of both countries.
BP and Statoi l have in the project of the Baku-Tbilisi-Erzurum gas pipeline 25.5% each, and apparently, they want to have the same share in TANAP.
* The intergovernmental agreement between Azerbaijan and Turkey to build a pipeline TANAP, length of 1790 km, the primary capacity of 16 billion cubic meters, to deliver more of Azerbaijani gas to the Turkish market and Europe, was signed on 26 June in Istanbul. The Parliamentary Committee of Azerbaijani parliament approved on the agreement on November 6. -0-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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