Bloomberg News

Tanap Partners Plan to Order Pipes in Autumn, Anatolia Says

April 09, 2012

Companies developing the Trans- Anatolia natural-gas pipeline project, or Tanap, plan to order pipes and other items in the autumn, Turkey’s official Anatolia news agency reported, citing Vaqif Aliyev, the vice president of State Oil Co. of Azerbaijan, known as Socar.

Aliyev said Tanap, which also includes Turkish state pipeline company Boru Hatlari Ile Petrol Tasima AS, or Botas, and Turkiye Petrolleri AO, has started a feasibility study.

Baku-based Socar plans to offer part of its 80 percent stake in Tanap to European companies that have shown interest in the project, Aliyev said. Botas and Turkiye Petrolleri own the remaining 20 percent of Tanap.

The 2,000-kilometer (1,240 mile) pipeline is designed to carry gas from the BP Plc-led Shah Deniz field in the Caspian Sea to Europe via Turkey.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus