BP is expected to finish all legal procedures to become a stakeholder before the end of the year in the multi-billion dollar Trans-Anatolian gas pipeline project (TANAP) which promises to reduce Europe's reliance on Russian gas, an official at Azeri state energy company SOCAR said on Monday. Vagif Aliyev, SOCAR's investment department chief, told reporters that after signing all documents BP, which decided to join TANAP last year, would hold a 12 percent stake in the project. SOCAR will hold 58 percent and Turkish pipeline firm Botas 30 percent. Botas raised its stake to 30 percent from 20 percent this year, while SOCAR said in June it may consider selling part of its share, but keeping a controlling stake in the project.
Read More http://ift.tt/1tyJ5FB
No comments:
Post a Comment