BP, Statoil and Total will share the SOCAR interest in the project TANAP
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-
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- 7 November 2012 17:51
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- 7 November 2012 18:27
Economics
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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