Bank Of Baku

Foreign countries and companies intend to get share in TANAP

Foreign countries and companies intend to get share in TANAP
# 04 April 2012 10:53 (UTC +04:00)
According to him, Turkey and Azerbaijan have signed a memorandum on sharing: “According to memorandum, Azerbaijan’s share is 80%, Turkey’s – 20%. And on this issue, neither Turkey nor Azerbaijan did not raise a question”.

SOCAR President says a part of Azerbaijan’s share in the project can be given to Azerbaijan-based gas companies: “We invited such companies to the project and all of them agreed”.

Abdullayev says this will be determined after signing of intergovernmental contract between Azerbaijan and Turkey. All companies, as well BP, Statoil, Total and others attending in gas extraction in Azerbaijan intend to get share in this project. HE also noted that, foreign countries also intend to get share in this project and one of the is Ukraine: “We’ll consider the sharing”.

He added that, no minimum limit was considered for Azerbaijan: “Our main purpose is to keep operatorship and control in the pipeline”.
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