BP to become full-blown participant of TANAP in 2015
Edited by Rhod Mackenzie / 2014-10-28 03:22:44
The operator of the Shah Deniz project, BP will complete the procedures for becoming a shareholder of the Trans-Anadolu pipeline (TANAP) in 2015, the head of the SOCAR’s investment departement, Vagif Aliyev reported.
At present, there are two official participants in the project -SOCAR (70%) and Turkish Botas (30%). BP plans to enter it with a share of 12% due to the purchase of some shares from SOCAR.
BP is now conducting the necessary legal procedures to join the project, said Aliyev.