Bank Of Baku

SOCAR can reduce its equity in TANAP to 51%

SOCAR can reduce its equity in TANAP to 51%
# 02 June 2014 10:41 (UTC +04:00)

According to him, SOCAR is not holding any talks on sale of TANAP equities: “SOCAR’s current equity in TANAP makes 58%. However, we can reduce it to 51% in the future. We don’t intend to sell our equity in TANAP for any revenue”.

 

Abdullayev noted that SOCAR can sell its share in TANAP only to the companies which can be profitable for this project: “There are many companies intendint to get share in TANAP. However, no negotiations are being conducted for sale of TANAP shares”.

 

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