Today State Oil Company of Azerbaijan (SOCAR) and BP company will sign a commercial agreement on purchase-sale within the framework of the trans-Anadolu (TANAP) gas pipeline project, a source from BP Turkey company told Turan’s correspondent.
By having signed the document BP will become a full shareholder of TANAP Co company.
The same source said that BP TANAP Ltd company will legally represent British company in TANAP, which will have 12% share in the project.
BP Turkey representative told Turan that BP’s joining the TANAP has been agreed with the Turkish side. On December 13, 2013 the tripartite documents were between the Ministry of Energy and Natural Resources of Turkey, SOCAR (the project operator) and BP.
Since today the shares of the TANAP partners are distributed as following: SOCAR – 68%, BOTAS – 20% and BP-12%.—0—
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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