SOCAR reports on undisrupted construction of TANAP

SOCAR reports on undisrupted construction of TANAP

The head of of the Investment Department of SOCAR, Vagif Aliyev, said today that despite the low level of the world oil prices, the Trans-Anatolian Gas Pipeline (TANAP) is still being built within the approved schedule.

"The World Bank and the European Investment Bank plan to give a loan in the amount of $ 2.13 billion to the BOTAŞ company, which has a 30% share in TANAP. The BOTAŞ will direct the allocated funds to build a 780-kilometer stretch of TANAP, Aliyev added.

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