In 2015 state budget to assign about $1.2 billion to support SOCAR in Southern Gas Corridor project

Next year Azerbaijan will enter an important period – construction of the Southern Gas Corridor will begin (the project includes three gas pipelines – Southern Caucasian gas pipeline, trans-Anadolu (TANAP) and trans-Adriatic (TAP) gas pipelines as well as the Shah Deniz-2 project implementation).

SOCAR takes an active part in all the projects and TANAP is the operator in one. The state has committed itself to support financially the national company. Next year the state budget plans the expenses, which will be spent for these projects.

According to the draft of state budget for 2015, 928 million AZN is planned to be assigned from the state budget for this purpose ($1,183,000,000 at the current rate).---0---

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