SOCAR announces plans for a gas pipeline project TANAP

SOCAR has already identified which companies will have to share part of its share in the project  of  Transanatolian (TANAP) gas pipeline. According to today's statement  of the president of SOCAR, Rovnag Abdullayev, members of "Shah Deniz" - British BP, Norway's Statoil and France's Total has officially appealed to the State Oil Company to participate in the project TANAP. 

According to Abdullayev, SOCAR plans  to reserve 51% from the current 80% share. But the head of SOCAR did not specify how the 29% package will be divided between the companies, and is there any chance that some company will not be involved  in the pipeline company TANAP Co? 

* If to take into account that all three companies are major partners  of SOCAR  on the project "Shah-Deniz", and that SOCAR , together with them  enterers  an expert  group of Azerbaijani gas, most likely, BP, Statoil and Total will be among the founders TANAP Co . 

The pipeline, which is over 1700 km, will have in the first phase a throughput capacity of 16 billion cubic meters, and then 22 billion cubic meters. Construction of the pipeline will begin in the third quarter of 2014, and will complete in 36 months. The initial project cost  is eight billion Euro. -12С-