BP to join TANAP in late 2014

 

BP will have joined the Trans-Anatolia Gas Pipeline (TANAP) by 2015, according to Vagif Aliyev, the head of investment management of the State Oil Company of the Azerbaijan Republic (SOCAR), Interfax reports.SOCAR owns 70% and Botas (Turkey) owns 30% in the project. The shares in late 2014 will be as follows: SOCAR -58%, BP – 12%, Botas – 30%.First gas supplies through TANAP to Turkey will start in mid-2018, to Europe in late 2019.

 

BP will have joined the Trans-Anatolia Gas Pipeline (TANAP) by 2015, according to Vagif Aliyev, the head of investment management of the State Oil Company of the Azerbaijan Republic (SOCAR), Interfax reports.

SOCAR owns 70% and Botas (Turkey) owns 30% in the project. The shares in late 2014 will be as follows: SOCAR -58%, BP – 12%, Botas – 30%.

First gas supplies through TANAP to Turkey will start in mid-2018, to Europe in late 2019.

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