New CJSC for administration of Shah-Deniz and gas supply to Europe
Edited by Rhod Mackenzie / 2014-02-26 06:29:04
The president of Azerbaijan I.Aliev signed a decree on the creation of a closed joint stock company with the registered fund of $100 million, aimed at the public finance of the participatory interest and other financial obligations of SOCAR in the development projects of “Shah-Deniz”, expansion of South Caucasus gas pipeline, TANAP and TAP gas pipelines, Novosti Azerbaijan reports, citing an official site of the head of the state.
51% of the CJSC will belong to the state, 49% - to SOCAR.
